Kenneth Burdrick is no longer the CEO of Blue Cross and Blue Shield of Minnesota after just being appointed to the post in January. The board of directors decided the Eagan-based insurer “required a different style of leadership" after an internal investigation involving "concerns related to whether there had been adequate disclosure of some anticipated business activities." Scott Lynch, senior vice president and chief legal officer, was named interim Blue Cross CEO effectively immediately. The board expects to hire a new top executive in 60 to 90 days.

"My dad can eat 500 corn dogs!" Blue Cross Blue Shield's new ad campaign tries to make parents think about the examples they're setting for their kids when it comes to food choices.

The state's largest health insurer saw its financial reserves increase to $1.15 billion. The Pioneer Press reports most of the profits came from the Eagan-based company's commercial health insurance business.

Blue Cross-owned SelectAccount has boosted its health savings account (HSA) business. The Eagan-based company announced Friday that it is taking over 52,000 HSAs totaling nearly $120 million from Illinois-based American Chartered Savings Bank.

He joins Blue Cross after four years as principal and chief financial officer at the Minneapolis-based private capital investment firm Yukon Partners, For the previous seven years, he worked for UnitedHealth Group where he held several positions. Rice will join BCBS on June 18.