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Insurance News

A list of news releases related to our activities in the insurance industry.

Results 1 - 10  (37 total results)

  • Commerce Commissioner Mike Rothman Signs Settlements with Voya and Lincoln Insurance Companies
    December 11, 2014 - SAINT PAUL, MN – Today, Commerce Commissioner Mike Rothman signed Resolution and Regulatory Settlement Agreements with Voya (ING) and Lincoln, the fourth and fifth life insurance companies that had been subject to sweeping market conduct examinations to find unpaid policies for Minnesota consumers.
  • Deer in the headlights: Does your auto insurance have you covered?
    November 10, 2014 - SAINT PAUL – Do you know if your auto insurance covers you if you hit a deer? Last year there were over 2,000 deer-vehicle crashes across Minnesota. The Minnesota Department of Commerce reminds consumers to check their auto insurance policies to make sure they have coverage for deer hits.
  • Commerce Department Urges Minnesotans to Prepare for Medicare Open Enrollment
    October 15, 2014 - SAINT PAUL, MN –The Minnesota Department of Commerce urges seniors to use Medicare Open Enrollment as an opportunity to evaluate their coverage options. The Department reminds seniors that insurance policies can change, making it important to review any notices regarding changes from their insurance companies. Seniors should use open enrollment as an opportunity to reexamine their coverage and find a policy that fits their budget and health needs.
  • Back to School? Commerce Reminds Parents to Check their Insurance Coverage for College Kids
    September 09, 2014 - SAINT PAUL, MN – With college students back at campus, insurance might be the furthest thing from most parents’ minds. Parents of college students should be aware that auto and homeowners insurance plans may not fully cover a stolen or damaged item while on campus away from home.
  • Department of Commerce orders auto-dialing, unlicensed insurance-selling company to pay $191,185 civil penalty
    June 25, 2014 - SAINT PAUL, MN – The Minnesota Department of Commerce recently ordered Variable Marketing LLC, which does business under the name Instant Insurance Marketing to pay a $191,185 civil penalty for making numerous fraudulent and unlicensed solicitations to Minnesota consumers.
  • Department of Commerce offers assistance and information for a storm damage claim
    June 19, 2014 - For more than a week, Minnesota has experienced significant precipitation throughout the state, causing flooding and damage. The severe weather is expected to continue through June 20th and could include damaging hail and wind. The Department of Commerce reminds consumers to review their auto and homeowners policy, contact their insurance agent and document property damage.
  • Commerce Commissioner Reaches Settlement with Transamerica and MetLife
    May 27, 2014 - SAINT PAUL, MN – Today, Minnesota Department of Commerce Commissioner Mike Rothman signed Regulatory Settlement Agreements with Transamerica and MetLife that require both insurance companies to pay Minnesota beneficiaries their rightful proceeds from life insurance policies, annuity contracts and retained asset accounts.
  • Commerce Department Offers Tips for Minnesotans Interested in New Ride-Sharing Services
    May 02, 2014 - SAINT PAUL, MN – Cars with pink mustaches and new ride-share phone apps are sparking interest in the Twin Cities, as well as other cities across the country. Before hitting the road, the Minnesota Department of Commerce is offering the following consumer information to drivers and customers to explain potential insurance issues for Minnesotans interested in participating in ridesharing or transportation networking company (TNC) services.
  • Commerce Commissioner Mike Rothman Receives National Award for Work in Financial Empowerment
    April 28, 2014 - Friday, Minnesota Department of Commerce Commissioner Mike Rothman was presented the Desjardins Financial Education Award for State Government Policymakers at the Minnesota Credit Union Network’s (MNCUN) annual meeting in Bloomington. The national award given by the Credit Union National Association (CUNA), recognized Rothman for his commitment to strengthening financial capability through outreach and education for all Minnesotans from Kindergarten to retirement.
  • Commerce reminds consumers – deadline for purchasing health coverage is March 31, visit Commerce Website for tips to help understand insurance
    March 24, 2014 - SAINT PAUL, MN – Open Enrollment will be ending on March 31, 2014, and if you have put off purchasing health insurance now is the time to explore your options and purchase coverage. Open enrollment is the specific time of the year that someone can buy or change their insurance coverage, the next open enrollment period will begin on November 15, 2014. Buying a plan during open enrollment is the best way to ensure that you have coverage if you get sick to protect yourself or your family financially.
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