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Insurance News

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

Results 41 - 50  (97 total results)

  • Commerce Commissioner reminds insurance agents to help Minnesotans prepare for the spring flood season
    March 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.
  • As part of National Flood Awareness Week, Commerce Commissioner reminds Minnesotans to inventory belongings ahead of the storm
    March 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.
  • As drought continues, Commissioners Rothman and Frederickson urge farmers to review crop insurance needs
    March 08, 2013 - SAINT PAUL, MN – Agriculture Commissioner Dave Frederickson and Commerce Commissioner Mike Rothman today issued a consumer alert encouraging Minnesota farmers to consider purchasing crop insurance ahead of this year’s growing season. The standard deadline for purchasing crop insurance is right around the corner. Farmers must finalize a crop insurance plan with their insurance agent by March 15.
  • The Minnesota Department of Commerce urges consumers to review flood insurance needs
    March 07, 2013 - SAINT PAUL, MN — As winter conditions turn to spring melting, the Minnesota Department of Commerce is reminding Minnesota homeowners to determine if they may need flood insurance coverage. Flood damage is not covered under a standard homeowner's policy.
  • Forgery, identity theft, and insurance fraud charges filed against former lawyer, “trustee” of estate
    February 26, 2013 - Formal charges have been filed in Ramsey County District Court on allegations that Saint Paul and Spooner, WI resident Linda A. Brost committed a litany of offenses, including insurance fraud, theft by swindle, aggravated forgery, and identity theft. This morning, the Department of Commerce Insurance Fraud Division, assisted by the St. Paul Police Department, Ramsey County Sheriff’s Office and Washburn County (WI) Sheriff’s Office, executed search warrants at Brost’s St. Paul and Spooner, Wisconsin residences.
  • Commerce orders Virginia Surety Company to return over $88,000 to Minnesotans and pay civil penalties
    February 19, 2013 - SAINT PAUL, MN – The Minnesota Department of Commerce announced today that Minnesota consumers may qualify for a refund if they purchased travel insurance from Virginia Surety Company (VSC), or one of its contracted agencies, between January 1, 2007 and October 31, 2012. The announcement came after the Minnesota Department of Commerce and the Missouri Department of Insurance issued a joint consent order alleging that VSC routinely required consumers to affirmatively “opt-out” of purchasing premium travel insurance packages, violating numerous state laws and regulations.
  • Spring Break? The Commerce Department urges consumers to beware of “opt-out” travel insurance
    February 12, 2013 - SAINT PAUL, MN – Spring Break is fast approaching and countless Minnesotans are searching for a fun and, more importantly, warm destination. These days, all it takes to book your dream Spring Break vacation is a travel website and a few clicks of the mouse. As you shop online, the Minnesota Department of Commerce reminds consumers to watch out for travel companies and websites that don’t fully advertise their travel insurance packages and sometimes sign consumers up for coverage without proper consent.
  • Minnesota Department of Commerce Recognizes Insurance Fraud Awareness Week
    February 11, 2013 - SAINT PAUL, MN –To raise awareness, the Minnesota Department of Commerce is highlighting Insurance Fraud Awareness Week, February 11-15, 2013. Insurance fraud costs an average family about $950 a year, and insurance companies and consumers across the United States an estimated $80 billion a year, according to the Coalition Against Insurance Fraud.
  • Commerce Commissioner Mike Rothman announces changes in leadership team
    February 04, 2013 - SAINT PAUL, MN – Commerce Commissioner Mike Rothman announced a recent change to the Minnesota Department of Commerce leadership team. “I am pleased to announce the promotion of Tim Vande Hey to Deputy Commissioner of the Insurance Division for the Commerce Department,” said Commissioner Mike Rothman. “With his extensive experience in insurance regulation - from mergers and acquisitions, to examinations, liquidations, and rehabilitations – Tim’s leadership at the Commerce Department is an asset to Minnesota consumers and the insurance industry.”
  • Businessman wrecks Lamborghini, city park, faces insurance fraud charge
    January 25, 2013 - David Norman Juntunen, 40, of Minneapolis was arrested Wednesday following a 10-month investigation by the Minnesota Department of Commerce and the Minneapolis Park Police. Juntunen is the owner of Top Gear Autoworks in Minneapolis, which repairs and stores high-end luxury and sports cars. Pamela Jean Dupont, 41, of Minneapolis was also charged with insurance fraud and unauthorized use of a motor vehicle.
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