General Interest News
A cross section of news releases from all areas of our department that are of interest to a general audience.
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Commerce Department and AARP remind households: final day to apply for State’s Energy Assistance Program is May 31
May
20, 2013 - SAINT PAUL, MN —The Minnesota Department of Commerce, Division of Energy Resources wants low-income Minnesotans—especially seniors, people with disabilities, and families with children—to know that grant funds are still available to help pay their heating bills from the Energy Assistance Program (EAP).
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Commerce Department Settlements on Life Insurance Accounts Top $1.1 Million and Add Consumer-Protection Changes
May
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.
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Commerce Commissioner Mike Rothman Announces $14 Million settlement with Prudential on Unclaimed Death Benefits
May
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.
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Commerce Department Announces Important Information about Process and Timeline for Developing an MCHA Transition Plan
May
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.
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It Pays To Understand the Different Roles of Financial Professionals
April
30, 2013 - SAINT PAUL, MN– In recognition Financial Literacy Month, the Minnesota Department of Commerce today reminds investors of the importance of understanding the distinctions between the various types of financial professionals.
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Rep. Atkins, Sen. Metzen, Commissioner Rothman to Hold Town Hall on Financial Issues for Minnesota Seniors
April
25, 2013 - SAINT PAUL, MN — State Representative Joe Atkins (DFL – Inver Grove Heights), Senator Jim Metzen (DFL – Inver Grover Heights) and Mike Rothman, Commissioner of the Department of Commerce, will hold a town hall to discuss financial issues for Minnesota seniors on Friday, April 26, 2013 from 9:00-11:00 AM. The town hall meeting will be held in Community Room 1 of the Veterans Memorial Community Center in Inver Grove Heights (8055 Barbara Ave, Inver Grove Heights, MN 55077).
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Lieutenant Governor, Commerce Commissioner and Duluth Seniors team up to prevent fraud
April
24, 2013 - DULUTH, MN — As part of Financial Literacy Month, Commerce Commissioner Mike Rothman and Lieutenant Governor Yvonne Prettner Solon will convene a Senior Fraud Prevention Event in Duluth.
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Third Annual Financial Literacy Roundtable to be held on Wednesday
April
23, 2013 - SAINT PAUL, MN – Minnesota’s Financial Literacy Month highlighted the importance of ongoing financial education for Minnesotans from Kindergarten to retirement at nearly 40 consumer outreach events involving ten state agencies.
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Commissioner Rothman teams up with AARP to talk about elder fraud, financial abuse prevention
April
22, 2013 - SAINT PAUL, MN – Within this decade, there will be more Minnesotans over the age of 65 than children enrolled in our public schools. Senior citizens across the country hold the majority of the nation’s wealth and scam artists know it. As part of Financial Literacy Month, The Department of Commerce and AARP held a tele-town hall this morning for Minnesota’s seniors about the importance of protecting themselves from financial fraud.
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Celebrate Earth Day: Reduce your energy use
April
22, 2013 - SAINT PAUL, MN – In 1970, the first Earth Day mobilized 20 million Americans and launched the modern environmental movement. It rallied people from all walks of life and led to the creation of the U.S. Environmental Protection Agency and passage of the Clean Air and Clean Water Acts.
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