Consumers Must Take Priority in BCBS Transaction

csimt 2012, Editorial, Insurance, Press Release

Recently, Blue Cross Blue Shield of Montana announced their intention to join forces with Health Care Service Corporation, a Chicago-based insurer that runs Blue Cross and Blue Shield plans in Texas, New Mexico, Oklahoma and Illinois. Since then, I have had people from all over the state ask me what this deal will mean for consumers.

Lindeen To Announce Settlement In $455 Million Class Action Lawsuit

csimt 2012, Press Release, Securities

Montana Commissioner of Securities and Insurance Monica J. Lindeen will announce final resolution in a class-action lawsuit against Farmers Group, Inc., that spanned nearly a decade and affecting more than 160,000 Montanans. Lindeen will make the announcement at a press event Thursday, September 20, at the quarterly Montana Justice Foundation board meeting in Billings.

New WreckCheck Mobile App Takes the Guesswork out of Auto Accidents

csimt 2012, Insurance, Press Release

Automobile accidents happen every minute of the day. According to the National Highway Traffic Safety Administration, more than 5 million wrecks occur every year. However, according to a July 2012 survey from the National Association of Insurance Commissioners (NAIC), many Americans do not know what steps to take or basic information to share — or not share — after an accident. They may even put their identities and safety at risk by sharing too much personal information. The new WreckCheck mobile application from the NAIC can help eliminate that risk.

Hurricane Relief Scam Victim Receives Restitution

csimt 2012, Press Release, Securities

Commissioner of Securities and Insurance Monica J. Lindeen today announced the first beneficiary of the state’s new securities restitution fund, a pool of money set up to help victims of investment fraud. Reece Cobeen of Plains, Mont., a victim of a hurricane relief investment scam, will receive $13,750.

Lindeen Applauds Flood Insurance Reauthorization

csimt 2012, Insurance, Press Release

Commissioner of Securities and Insurance Monica J. Lindeen today commended Congress for passing legislation to reauthorize the National Flood Insurance Program (NFIP) for another five years. The reauthorization measure passed last week represents a compromise between the House and Senate bills, and includes non-binding mediation language supported by the National Association of Insurance Commissioners (NAIC).