Insurance News
A list of news releases related to our activities in the insurance industry.
Results
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40 (64
total results)
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Minnesota Department of Commerce Cautions Consumers on Mini-Med Plans
July
23, 2012 - The Minnesota Department of Commerce is reminding consumers to fully educate themselves before purchasing Limited Medical Benefit Insurance, or Mini-Med Plans. Often these limited benefit plans are bare bones policies that cover specific expenses and have many more limitations than a comprehensive medical plan. Mini-Med plans may seem like a bargain, but may not always be the best or only option.
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Minnesota Takes Next Step in Health Insurance Exchange
July
16, 2012 - Today, Commerce Commissioner Mike Rothman, Human Services Commissioner Lucinda Jesson and Health Commissioner Ed Ehlinger announced that Minnesota has entered into a $41 million dollar contract with MAXIMUS, Inc. (MMS) to design and develop the technical capabilities, including a consumer friendly website, for Minnesota’s health insurance exchange and Medicaid modernization.
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Following severe weather events, Commerce Department offers help for storm victims
June
26, 2012 - Several weeks of severe weather across Minnesota has caused golf ball sized hail in Detroit Lakes, downed trees and power lines in Apple Valley and Hastings, and severe flooding in Duluth, Moose Lake, and Cannon Falls. As Minnesotans begin to assess damage to their homes and businesses, waterlogged basements, and broken windshields, the Minnesota Department of Commerce is on hand to help consumers understand their rights, resolve insurance claims, and provide energy and weatherization assistance to low-income Minnesotans.
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Minnesota Department of Commerce Joins the Fight against Elder Investment Fraud
June
15, 2012 - Minnesota Department of Commerce Commissioner Mike Rothman and Janet Golden from the Tubman Senior Rights Alliance joined in World Elder Abuse Awareness Day activities through their training, “Preventing Elderly Investment Fraud.” The presentation was tailored to health care professionals, focusing on how to spot and report fraud and financial abuse within the elderly and vulnerable adult populations.
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Minnesota leads the way in $146 million nationwide settlement agreement
June
12, 2012 - Commissioner Mike Rothman announced that a settlement agreement between the American International Group, Inc. (AIG) and its affiliates with all states and the District of Columbia has become fully effective. Minnesota was one of eight leading states to conduct a Multistate Market Conduct Examination that revealed AIG misrepresented its workers’ compensation insurance premiums to reduce their taxes and assessments, resulting in the $2.1 million settlement for the State of Minnesota.
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Department of Commerce Reaches Settlement with AFLAC
June
06, 2012 - Commissioner Mike Rothman this week signed a regulatory settlement agreement with American Family Life Assurance Company of Columbus (AFLAC). The Minnesota Department of Commerce joined with the Departments of Insurance of Idaho and Missouri in conducting a market conduct examination.
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Commerce Department encourages law enforcement to apply for auto theft prevention grants
May
22, 2012 - The Minnesota Department of Commerce announced today an opportunity for local law enforcement, county prosecutors, and community organizations to apply for a third round of auto theft prevention grants.
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Commissioner Rothman and Mayor Rybak urge Minnesotans to prepare for severe weather
April
19, 2012 - As sirens all over the state sound for severe weather season, Commerce Commissioner Mike Rothman and Minneapolis Mayor R.T. Rybak reminded all Minnesotans to be prepared for bad weather, including the importance of reviewing their insurance needs ahead of the summer storm season.
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Minnesota Health Insurance Exchange Advisory Task Force to Meet Friday
March
28, 2012 - The Health Insurance Exchange Advisory Task Force will meet Friday, March 30th from 9:30 to 11:30 am at Hiway Federal Credit Union Administrative Offices, 840 Westminster Street, St. Paul. Members of the public and press are invited to attend.
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Commerce Department teams up with local law enforcement to prevent auto theft
March
13, 2012 - Commerce Commissioner Mike Rothman announced the continuation of Minnesota’s successful Auto Theft Prevention Grant Program today, awarding 21 local county attorneys, and community organizations with more than $3.8 million to be used exclusively for local programs that aid in prevention of auto theft.
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