Minnesota Commerce Commissioner Mike Rothman News

Minnesota Commerce Commissioner Rothman to Run for State Attorney General

Minnesota Commerce Commissioner Mike Rothman announced that he is leaving his post to run a campaign for state attorney general. In a statement, Rothman said he is stepping down as of 11 a.m. today. “I have made the decision to …

Minnesota Fines 2 Insurers for Refusing to Pay Auto Accident Claims

Minnesota Commerce Commissioner Mike Rothman has fined two insurance companies for violating state consumer protection laws by refusing to pay auto accident claims for damage caused by drivers they insured. In recent consent orders with the Commerce Department, American Family …

Minnesota: Farmers Insurance Exchange Overcharged Renters for Auto Coverage

Minnesota Commerce Commissioner Mike Rothman has ordered an insurance company to refund more than $300,000 to Minnesota drivers who were charged higher auto insurance rates solely because they were renters rather than homeowners. According to the Minnesota Commerce Department Insurance …

Minnesota Insurance Fraud Probe Expands with Chiropractor Indictment

Minnesota Commerce Commissioner Mike Rothman announced that an additional Twin Cities area chiropractor has been indicted on federal criminal charges in connection with an ongoing investigation of large-scale health care fraud related to “no-fault” auto insurance. Timothy Wayne Guthman, age …

Minnesota: Exams of 16 Life Insurers Find $174M in Unpaid Benefits, So Far

Minnesota Commerce Commissioner Mike Rothman announced that his department has reached settlement agreements with three more life insurance companies that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The settlements bring to $174 million …

Minnesota Bars Use of Price Optimization in Insurance Rates

Minnesota Commerce Commissioner Mike Rothman has ordered insurers doing business in Minnesota to stop the practice of price optimization in setting rates for auto and homeowners insurance. Rothman said the anti-consumer practice violates state law because it unfairly discriminates by …