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
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
By BERL TISKUSReporter | June 22, 2023 12:00 AM Financial scams and fraud are the most common forms of elder abuse according to Troy Downing, Montana State Auditor and Commissioner of Securities and Insurance. He was in Polson last week, along with representatives from Elder Protective Services, staffers from Downing’s office, Jake Santee from Sen. Steve Daines’ … Read more
Gov. Greg Gianforte has signed legislation designed to curb reckless and dangerous bounty-hunting tactics in Montana that was drafted after a series of violent apprehensions, including one in Butte that led to homicide charges. Republican Troy Downing, the state’s auditor and commissioner of Securities and Insurance, proposed House Bill 62, and it was sponsored by … Read more
FORSYTH — When you pay your insurance premium, you shouldn’t have to worry about whether you’re covered. But in Forsyth, many are finding they actually aren’t covered, even after paying their premiums in full. Kileen Hagadone, a Forsyth woman, had her insurance producer license temporarily suspended by Montana State Insurance Commissioner Troy Downing on April 6. Her … Read more
By: Mike SmithMontana Standard A bill designed to curb reckless and dangerous bounty-hunting tactics in Montana has advanced to the state Senate and backers say it’s likely to pass in the coming days. It passed the House on an 83-17 vote in late January, was endorsed by the Senate Business, Labor and Economic Affairs on … Read more
Commissioner Troy Downing has suspended the insurance producer licenses of Kileen Moria Hadagone (License #106679) and Rosebud County Insurance Inc. (RCII). Downing is the Montana Commissioner of Securities and Insurance, Montana State Auditor (CSI). The licenses were suspended after it was determined that public safety and welfare required immediate emergency action, said a press release. … Read more
WILL BRIGGS ReporterLewistown News-Argus Though he has just one job title, Troy Downing wears a lot of hats in his role as Montana’s Commissioner of Securities and Insurance. Aside from his role in financial and insurance regulation, Downing is one of five people to sit on the state’s Land Board and serves as the state … Read more
A bill backed by Montana’s state auditor would reform the sale of state land cabin sites in an effort to encourage more competitive bidding and higher revenues. State Auditor Troy Downing has been a dissenting voice on cabin site sales as a member of the Montana State Board of Land Commissioners since he took office … Read more