Farmers Insurance Group of Companies has partnered with Commissioner of Insurance Monica Lindeen and FireSafe Montana to designate the week of July 17 through 24 as Wildfire Awareness Week. Farmers will commemorate the week designed to educate Montana homeowners about wildfire safety with a $5,000 donation to FireSafe Montana at a press conference on Thursday, July 21, at 2:15 pm at Lindeen’s office.
Montana’s senior U.S. Senator Max Baucus is applauding Front Street Capital for successfully launching Montana’s only current publicly traded mutual fund with no commission or sales fees. The Missoula-based fund launched this week and is called the “Tarkio Fund” after the Mineral County town along the banks of the Clark Fork River. This week, the “Tarkio Fund” received approval from Montana’s Commissioner of Securities, Monica Lindeen, and has already garnered investments making it the state’s sole publicly traded no-load mutual fund.
Financial challenges have forced many consumers to make lifestyle changes to adapt to the current economy. From changing jobs to moving to a different house to downsizing vehicles, Americans have made decisions that impact unexpected areas of their life – like car insurance. In fact, in the past year 53 percent of Americans have made an economic-driven change that could impact the cost of their car insurance, according to an April 2011 survey released by the National Association of Insurance Commissioners (NAIC).
Commissioner of Securities Monica J. Lindeen today cautioned investors to make sure they understand Exchange–traded funds (ETFs) before they invest and consider whether these investments are right for them. While ETFs have grown increasingly popular with retail investors during the last decade, securities regulators across the country are concerned that investors may not understand how these complex investment products work or the potential risks they may face.
Montana Commissioner of Securities and Insurance Monica Lindeen and Attorney General Steve Bullock today issued the following statements commemorating World Elder Abuse Awareness Day. In the last year, Montana has seen a 10 percent increase in the number of allegations of elder abuse, with neglect being the most common form of abuse. In addition, more than 7.3 million older Americans – one out of every five people over the age of 65 – already have been victimized by a financial swindle.
Montana Commissioner of Securities and Insurance Monica Lindeen today welcomed news that Anne Marie Schlenker, a 31-year-old former financial adviser from Bozeman, was ordered to pay $265,000 in restitution and spend 15 months in prison for using her clients’ money to buy jewelry, pay for part of a new house she was building, and to cover up her fraud.
Jesse Laslovich, Chief Legal Counsel for the Commissioner of Securities and Insurance (CSI), today delivered a presentation on building a Made-In-Montana Health Insurance Exchange to the Montana Legislature’s Economic Affairs Interim Committee.
Floods can happen anywhere, at any time. It’s been over a month since floods along the Milk River washed away roads and damaged property from Hinsdale to Glasgow, and now we’re seeing floods all over Montana, from the Clark Fork to Pryor Creek.
Montana’s Senior Senator Max Baucus and Montana Insurance Commissioner Monica Lindeen met today to discuss ways to help even more Montanans take advantage of the benefits already available under the Affordable Care Act and examine the next steps toward implementing further cost-savings and consumer protections set to take affect by 2014. Among the many benefits Montanans are taking advantage of already, yesterday the Centers for Medicare and Medicaid services announced that 704 Montana seniors have received an average discount of $820 on expensive prescription medicines so far this year, a total of almost $580,000 in savings statewide.
Two members of Commissioner Monica Lindeen’s policyholder services team have volunteered to travel to Alabama on the heels of several devastating storms and spend a week helping residents navigate their insurance policies and file claims.