Commissioner Downing Announces the Protecting the Big Sky Tour

12 Stops Through Eastern Montana August 21-25 Helena, Mont.- On August 21, Commissioner Troy Downing kicks off the Protecting the Big Sky educational tour in eastern Montana to educate investors, Montana families, seniors, and consumers on safeguarding their finances. The Commissioner and CSI staff are hosting 12 events across eastern Montana over five days. These educational … Read more

Staving off elder fraud scammers, one Bingo game at a time

BILLINGS – It’s a billion-dollar-a-year industry, except the only ones benefiting are criminals and Montana is no exception as our aging population is the main target. It’s why there’s a massive push by the office of the Montana Commissioner of Insurance and Securities to educate Montana’s elderly about these dangers. And sometimes all it takes … Read more

Forsyth woman pleads not guilty to federal charges related to insurance fraud

By: MTN News   BILLINGS – A Forsyth woman pleaded not guilty Monday to federal charges that she defrauded customers through her insurance brokerage, Rosebud County Insurance, Inc., and stole customers’ identities, according to U.S. Attorney Jesse Laslovich. Kileen Moria Hagadone, 57, was charged with six counts of wire fraud and three counts of aggravated … Read more

Owner of Forsyth insurance company charged in scheme to defraud customers

Forsyth woman accused of defrauding customers through her insurance company, Rosebud County Insurance Inc., by spending client payments on personal expenses appeared in federal court on charges Monday. Kileen Moria Hagadone, 57, pleaded not guilty to an indictment charging her with six counts of wire fraud and three counts of aggravated identity theft, said  U.S. … Read more

Montana insurance agent arrested by FBI, faces possible criminal charges

By: Kelsey Merison   BILLINGS – Kileen Hagadone of Forsyth was taken into FBI custody on Friday morning before being booked into the Yellowstone County Detention Facility in Billings. One week prior, Hagadone was permanently barred from practicing insurance-related business in the state of Montana following an investigation into criminal allegations. The Yellowstone County Detention Facility (YCDF) told MTN News … Read more

A Defeat for Victory

The Montana Supreme Court this week cleared the way for an administrative proceeding against a legally beleaguered workers’ compensation insurance firm tied to state Rep. Nelly Nicol, R-Billings, a freshman lawmaker who ran a bill this session that would have eliminated regulatory positions at a state agency engaged in legal battle with her father’s company. To … Read more

Forsyth insurance-fraud victim demands consequences for disgraced broker

By: Kelsey Merison   FORSYTH — Rosebud County Insurance agent Kileen Hagadone has been permanently barred from conducting insurance business in Montana after a judge’s ruling last week. But the impact of her alleged criminal activity is still being uncovered, and one of her former customers is speaking out. “I always thought (Kileen) was a really exceptional … Read more

Forsyth insurance broker loses license following investigation of misappropriations

Insurance commissioner says he obtained court order A Forsyth insurance broker has permanently lost her license after complaints surfaced that she was accepting premium payments but not purchasing insurance policies. Montana Insurance Commissioners Troy Downing announced Wednesday that he had secured a court order on July 12 permanently barring Kileen Hagadone and her business, Rosebud … Read more

Montanans to share payout after Raymond James settlement

HELENA, Mont. — Hundreds of Montanans will see money from a multimillion-dollar settlement with a major finance company. The $13 million agreement with Raymond James Financial comes after several states, including Montana, launched an investigation into charges for commissions. Officials discovered the company charged what they call unreasonable commissions on small-dollar transactions. Here in Montana, 260 … Read more

Commissioner Troy Downing Obtains Court Order Prohibiting Kileen Hagadone from Conducting Insurance Business

Rosebud County Insurance and Hagadone’s License Revoked Helena, Mont.-On July 12, 2023, Commissioner Troy Downing secured an Order of Final Injunction permanently barring Kileen Hagadone and her business, Rosebud County Insurance, Inc. (RCII), from conducting any type of insurance business in Montana. The Order of Final Injunction further prohibits Hagadone and RCII from any banking … Read more