Kentucky Department of Insurance (DOI) News

Kentucky Looks to Encourage Insurtech Investments Through Regulatory ‘Sandbox’

The Kentucky Legislature has passed the first state law in the U.S. providing comprehensive framework for an insurance regulatory “sandbox” for insurance technology products. The new regulatory sandbox, which will be administered by the Kentucky Department of Insurance (DOI), allows …

Kentucky Reports $10.5M Returned to Insurance Consumers in 2017

The Kentucky Department of Insurance’s (DOI) Consumer Protection Division returned over $15 million to Kentucky consumers during 2017, the department said in a statement. Consumers received over $10.5 million in restitution through the work of DOI’s Market Conduct Branch, which …

Atkins Takes Over as Kentucky Insurance Commissioner as Maynard Steps Down

Nancy G. Atkins has been appointed Commissioner of the Kentucky Department of Insurance (KYDOI), in the wake of Brian Maynard’s decision to vacate the post. Maynard stepped down as commissioner of KYDOI effective April 30, to return to the private …

Kentucky Reports 800% Increase in Court-Ordered Insurance Restitution Payments

The Fraud Division of the Kentucky Department of Insurance (DOI) announced that it has increased the amount of court-ordered restitution payments this year by more than 800 percent. The increase—from $369,762 in 2015 to more than $3 million this year—accompanies …