Maine Employers' Mutual Insurance Company, also known as MEMIC, is a private mutual insurance company that opened for business in January 1993. MEMIC is one of Maine's largest workers' compensation insurer with a growing profile throughout the Northeast, through its subsidiary MEMIC Indemnity Company. Combined, MEMIC insures more than 21,000 employers and their estimated 200,000 employees. The company is the keystone to the landmark 1992 reforms of Maine workers' compensation law passed by the Maine Legislature and signed by then-Governor John R. McKernan. Among other reforms, this legislation called for the creation of MEMIC as a private company that would serve as the guarantor of workers' compensation insurance for Maine companies. With its private structure, MEMIC serves as a competitive force within the workers' compensation insurance market. Headquartered in Portland, Maine, MEMIC employs nearly 220 people.
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