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General Interest News


A cross section of news releases from all areas of our department that are of interest to a general audience.

Results 101 - 110  (212 total results)

  • The Department Of Commerce Focuses on Homeownership, Offers Guidance in Selecting a Real Estate Agent
    June 27, 2013 - SAINT PAUL, MN – To highlight National Homeownership Month, the Minnesota Department of Commerce is emphasizing the importance of consumer education in helping Minnesotans achieve affordable homeownership. According to the National Association of Realtors, existing-home sales are continuing to improve and the median sales price increased by double digits from the previous year. Many potential buyers and sellers might be encouraged to seize the opportunity of an improving market and put their homes on the market or start looking to purchase a home.
  • Commerce Department Offers Guidance, Resources to Minnesotans Suffering from Storm Damage
    June 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.
  • Minnesota Department of Commerce speaks out against elder fraud and abuse as part of World Elder Abuse Awareness Day
    June 14, 2013 - SAINT PAUL, MN – As part of the eighth annual World Elder Abuse Awareness Day, Minnesota Department of Commerce Commissioner Mike Rothman partnered with the state’s leading experts on preventing elder abuse and exploitation at William Mitchell College of Law annual event to raise awareness in this often under-recognized problem. Commissioner Rothman’s presentation, “Preventing Elderly Investment Fraud,” was tailored to health care professionals, focusing on how to spot and report fraud and financial abuse within the elderly and vulnerable adult populations.
  • Commerce Department to hold Public Meeting in North Mankato to gather input on MCHA Transition Plan
    June 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).
  • Commerce Department to hold Public Meeting in Duluth to gather input on MCHA Transition Plan
    June 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).
  • Subjects of Commerce Insurance Fraud Division investigation plead guilty to multiple counts of fraud, theft by swindle
    May 30, 2013 - SAINT PAUL, MN – Earlier today, 61-year-old Stephen A. Marrone of Saint Paul pleaded guilty to three counts of Theft by Swindle (counts 3, 4, and 6) in connection with multiple incidents of annuities fraud. Marrone and his co-defendant Robert S. Hertz were charged by the Ramsey County Attorney’s on August 31, 2012, after an extensive investigation, conducted by the Department of Commerce Insurance Fraud Division, uncovered an annuity conversion scheme that replaced over $4.2 million of annuities.
  • Commerce Department Exposes Fraudulent Timeshare Schemes
    May 29, 2013 - SAINT PAUL, MN –The Minnesota Department of Commerce has uncovered eleven unlicensed sham companies targeting timeshare owners falsely claiming to be able to sell or rent their properties and scamming them into paying thousands of dollars in transaction costs that never result in a sale or rental of their properties. In every case, the company used a fake street address on their website and in the materials they provided to timeshare owners.
  • 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).
  • 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.
  • 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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