Insurance claim will only cover a fraction of the Brunswick spill costs - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
January 31, 2025 Newswires
Share
Share
Post
Email

Insurance claim will only cover a fraction of the Brunswick spill costs

The Times Record

The entity on the hook for the disastrous toxic foam spill in Brunswick last August reported that it received a $250,000 payout after the incident, covering just a fraction of the costs it has racked up.

The Maine Bureau of Risk Management issued the sum — a policy limit for environmental remediation and cleanup — to Midcoast Regional Redevelopment Authority as part of an insurance policy with the state. The detail was included in an annual report submitted to Gov. Janet Mills' office earlier this week, which is a requirement stipulated in Maine statute.

The $250,000 insurance payout makes a mere dent in the $781,000 cleanup bill the authority had accrued as of Dec. 31, 2024.

Remediation has been ongoing since Aug. 19, 2024, when one of the hangars leased from the Navy malfunctioned and spilled 1,450 gallons of aqueous film-forming foam (AFFF) concentrate mixed with 50,000 gallons of water. Mounting spill response costs stem from environmental cleanup and decontamination services, lost revenue, and legal fees.

AFFF contains toxic chemical compounds known as per- and polyfluoroalkyl substances, or PFAS. The chemical family is known to be harmful to human health, and the authority has reiterated that it has a goal of removing the substance from its hangars.

MRRA has pending funding requests to help with addressing PFAS at its airport to the tune of $21.9 million. It submitted budget requests to Mills' office and the Federal Aviation Administration in the fall.

MRRA had noted in a document submission to the Environmental Protection Agency in December that it filed three insurance claims with the policies it had on the hangar. Only one of the policies was approved.

One policy — an airport insurance policy through the Risk Management Bureau underwritten by Chubb Insurance — was denied due to a PFAS-exclusion clause. A second policy claim with Acadia Insurance was denied for the same clause.

Copy the Story Link

Older

SEC OKs Bitwise Combined Bitcoin, Ethereum ETF, Draws Comparison With Gensler Regime

Newer

Keep eye on finances when Fed rates stall

Advisor News

  • Reynolds signs temporary tax hike
  • Gov. Kim Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
  • Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
  • Temporary tax hike to fill Iowa Medicaid gap heads to governor’s desk
  • Gov. Kim Reynolds signs health insurance premium tax increase into law
More Advisor News

Annuity News

  • Corebridge, Equitable merge to create potential new annuity sales king
  • LIMRA: Final retail annuity sales total $464.1 billion in 2025
  • How annuities can enhance retirement income for post-pension clients
  • We can help find a loved one’s life insurance policy
  • 2025: A record-breaking year for annuity sales via banks and BDs
More Annuity News

Health/Employee Benefits News

  • SOUTHERN MN REPUBLICAN VOICES: Health care, American style
  • Reynolds signs temporary tax hike
  • Gov. Kim Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
  • Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
  • Temporary tax hike to fill Iowa Medicaid gap heads to governor’s desk
More Health/Employee Benefits News

Life Insurance News

  • Corebridge, Equitable Merger Creates $1.5tr Platfrom
  • AM Best Removes from Under Review with Positive Implications and Affirms Credit Ratings of Sompo Seguros Mexico S.A. de C.V.
  • Corebridge, Equitable merge to create potential new annuity sales king
  • Aflac adds new long-term care rider
  • AM Best Affirms Credit Ratings of Nan Shan General Insurance Co., Ltd.
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Your Cap. Your Term. Locked.
Oceanview CapLock™. One locked cap. No annual re-declarations. Clear expectations from day one.

Ready to make your client presentations more engaging?
EnsightTM marketing stories, available with select Allianz Life Insurance Company of North America FIAs.

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Press Releases

  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
  • YourMedPlan Appoints Kevin Mercier as Executive Vice President of Business Development
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet