MEMIC Named Best Workers' Compensation Company in America

It was recently announced that The MEMIC Group has been ranked the top workers’ compensation company in the United States by the Association for Cooperative Operations Research and Development (ACORD), a global nonprofit organization serving the insurance and related industries. MEMIC was deemed the best workers compensation company based on strong financial performance as well as measurable, superior capabilities in customer experience, employee satisfaction, and brand reputation. MEMIC is based in Maine, but has offices located in Manchester, NH, Glastonbury, CT, Tampa, FL, Weehawken, NJ, Albany, NY, West Conshocken, PA, and Tysons Corner, VA.

ACORD’s president and CEO congratulated MEMIC for its compelling contribution to workers’ compensation and robust reputation.

"Congratulations to MEMIC for distinguishing itself as the top workers' compensation company in the U.S.," says Bill Pieroni, president and CEO of ACORD. "Given MEMIC's significant contribution to workers' compensation in Maine and their strong reputation in the insurance industry, it's admirable that they not only grew faster than the market but also had materially better financial performance. This is a first and we applaud everyone at their organization for their respective contributions."

MEMIC’s president stated that he’s elated regarding the recognition.

"As we celebrate our 25^th anniversary year, we are thrilled with this recognition,” says MEMIC president and CEO Michael P. Bourque. “It is a wonderful reflection of everyone at our growing organization who has worked incredibly hard, year after year, to better serve our customers. I especially have to point out that this award is shared with our recently retired CEO John Leonard who led us since the beginning and during the 5 years ACORD evaluated. He set the vision of safer workplaces and the compassionate treatment of all workers that will continue to be the key to our success."

MEMIC insures more than 20,000 employers and their estimated 300,000 employees, and holds more than $1.3 billion in assets. The U.S. workers’ compensation insurance market is a $48 billion industry.