2019 ANOTHER SUCCESSFUL YEAR FOR STATE AUDITOR MATT ROSENDALE

csimt 2020, Fraud, Insurance, Press Release, Securities

HELENA, Mont. – State Auditor Matt Rosendale saved Montanans millions on their insurance costs and continued to achieve justice for victims of fraud and exploitation in 2019.

The Commissioner of Securities and Insurance released the office’s annual year-in-review today, with highlights from 2019 including:

  • Saving Montanans over $14 million on insurance costs by reviewing companies’ rates ($9 million saved) and handling consumer complaints and inquiries (over $5 million recovered)
  • Lowering health insurance rates on every single individual market plan, with plans being about $1,000 cheaper on average
  • Handling 6 criminal and 13 administrative securities issues, with $1.7 million in ordered restitution and $315,000 in fines against bad actors
  • Paid $125,000 to 12 victims of fraud from the Securities Restitution Assistance Fund
  • The department continued to spend less money than before Rosendale took office, while collecting and transferring $92 million to Montana’s General Fund in FY 2019
  • Launched anti-fraud initiatives and hosted numerous educational events throughout the state

CSI’s full “2019 in Numbers” report can be found HERE.

 

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