Commissioner of Securities and Insurance Monica Lindeen will host a public seminar on spotting scams and fighting fraud Wednesday, May 11, at the Metcalf Memorial Senior Center in Anaconda. The seminar includes a free lunch, tips for investing wisely and help for consumers navigating the world of insurance options.
Commissioner of Securities and Insurance Monica Lindeen approved a 22.4 percent reduction in workers’ compensation insurance loss costs on Monday, which will translate to lower premiums for employers. The dramatically lower loss costs, which are the costs insurers pay for claims, come as a result of bipartisan legislation signed by the governor last month.
Commissioner of Securities and Insurance Monica Lindeen today vowed to continue her work to reform health insurance in Montana despite legislative inaction on several key issues, including state-based legislation to establish an online health insurance market.
Commissioner of Securities and Insurance Monica J. Lindeen today reported that Montana workers compensation loss costs have decreased by over 5 percent the past year. The National Council on Compensation Insurance (NCCI) recently made a filing with Commissioner Lindeen’s office requesting an overall loss cost decrease of -5.6% effective July 1, 2011.
This month, state securities regulators throughout the United States are observing 100 years of protecting investors. As Montana’s top securities regulator, Monica Lindeen, Commissioner of Securities and Insurance (CSI), is proud to continue building on the century-old foundation of putting fraudsters behind bars, returning lost money to investors and teaching our neighbors to spot and report the red flags of investment fraud.
On Thursday, March 10th, at 8:00am, Montana Insurance Commissioner Monica Lindeen will testify in opposition to SB 228, a bill that prohibits creating a state-level health insurance exchange. SB 228 is sponsored by Senator Jason Priest from Red Lodge and will be heard by the House Business and Labor Committee.
On Friday, March 4th, Commissioner Monica Lindeen testified in opposition to SB 125, a bill that prohibits state government from administering health insurance reform requirements. Lindeen testified on why the bill fundamentally conflicts with her constitutional duties as Montana’s Commissioner of Securities and Insurance.
Montana families and small businesses are struggling to keep up with the rising cost of health insurance premiums and the high cost of health care. I have heard the call to elected officials to address this important issue which is affecting our state’s economy and our health. Over the past year, I have been meeting with Montanans from all walks of life – business owners, farmers, ranchers, parents, grandparents, doctors, nurses, insurance agents, and anyone who was willing to visit about what needs to change.
This week, most Montanans are digging themselves out of record breaking amounts of snowfall. Big Sky is already at 127% of average snow pack. Heavy snow around the state has brought much-needed moisture, so much that the first mildly warm day could likely cause flooding. Commissioner of Securities and Insurance Monica J. Lindeen encourages Montanans to review your homeowner insurance policies to determine if you have flood insurance and offered advice on filing claims.
House Bill 128, carried by Rep. Pat Noonan (D-Butte) and proposed by Commissioner of Securities and Insurance Monica J. Lindeen, is scheduled for hearing on Thursday, February 3rd, at 8 am, in the House Business and Labor Committee. HB 128 gives the Commissioner’s office the ability to protect consumers by enforcing market reforms to health insurance policies that went into effect upon issue or renewal after September 23, 2010.