28, 2013 - SAINT PAUL, MN – The summer travel season is in full swing and countless Minnesotans will be traveling across the country and around the world in the next few months. Some consumers will be debating about whether to purchase travel insurance for their summer vacations. The Minnesota Department of Commerce wants consumers to know that travel insurance is not required to travel; however, it may benefit some consumers but not all.
24, 2013 - SAINT PAUL, MN – Clean up continues for Minnesotans who experienced the devastation this past weekend after days of torrential rains, damaging wind and hail. Many consumers may be left wondering what they need to do to make and resolve insurance claims and to repair property damage.
07, 2013 - SAINT PAUL, MN – The Minnesota Department of Commerce will hold a public meeting Monday, June 10, 2013 between 5:30 p.m. – 7:00 p.m. at South Central College, Conference Center B in North Mankato to gather public input that best addresses the transition to new health coverage for people who have been enrolled in the state’s high risk health insurance pool, Minnesota Comprehensive Health Association (MCHA).
04, 2013 - SAINT PAUL, MN – The Minnesota Department of Commerce will hold a public meeting Wednesday, June 5, 2013 between 2:30pm – 4:00pm at the Duluth Public Safety Building – Training Room to gather public input that best addresses the transition to new health coverage for people who have been enrolled in the state’s high risk health insurance pool, Minnesota Comprehensive Health Association (MCHA).
17, 2013 - SAINT PAUL, MN – The Minnesota Department of Commerce recently took action against Lincoln National Life Insurance Company and Northwestern Mutual Life Insurance Company due to alleged current or former practices that automatically enrolled consumers into retained asset accounts – without providing beneficiaries with the option to decide whether they wanted life insurance proceeds placed in such accounts which may not have been suitable for the beneficiary or paid in one lump sum cash payment upon the death of policy holder.
15, 2013 - SAINT PAUL, MN – Commerce Commissioner Mike Rothman signed a Resolution and Regulatory Settlement Agreement with Prudential Insurance Company today to ensure payment of due and payable proceeds from life insurance policies, annuity contracts, and retained asset accounts to Minnesota beneficiaries, and strengthened procedures to make sure policy holders and beneficiaries receive the unclaimed proceeds from these policies and contracts in a timely manner in the future.
02, 2013 - SAINT PAUL, MN – In light of the 2014 implementation of the Affordable Care Act, the Commerce Department announced today key information regarding the process for assessing the need for, and developing a transition plan for the Minnesota Comprehensive Health Association (MCHA), including a FAQ, timeline, and goals.
18, 2013 - SAINT PAUL, MN – On average, Minnesota’s severe weather season sees 40 tornadoes per year creating the potential for property damage, financial distress, and personal danger for families. Severe Weather Awareness Week was created to provide an opportunity for households to review their emergency procedures and prepare for weather-related hazards.
21, 2013 - SAINT PAUL, MN – As the snow and ice melt and we watch for the signal of a possible spring flood season, Commerce Commissioner Mike Rothman reminds all insurance professionals to emphasize the importance of preparation with their clients in order to protect themselves. Agents are strongly urged to reach out to their clients and the general public to inform them of the steps that can and should be taken now to address potential loss in the event of spring flooding.
20, 2013 - SAINT PAUL, MN – The first day of spring signals entry into severe weather season – floods, thunderstorms, and tornadoes. Minnesotans understand the volatility of weather, seeing record number of tornadoes in 2011 and an increased tornado season in 2012, beginning in March and ending in November.