Kentucky Gov. Steve Beshear has signed an executive order prohibiting insurance companies from canceling policies or changing rates in counties hit by deadly tornadoes.
Beshear’s staffers said it was the first time such an order had been executed in Kentucky.
The second-term Democrat said the executive order also requires insurance companies to allow more time for people in storm-ravaged communities to pay their premiums for health, life and property insurance.
Under the order, cancellations and rate increases will have to wait until at least April 15.
Topics Kentucky
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
Trapped Tesla Driver’s 911 Call: ‘It’s on Fire. Help Please’ From This Issue
