Kentucky News

Clock is Ticking on Surplus Lines Tax Reform

The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation and taxation issues for surplus lines. …

Kentucky City Settles Lawsuit with Ex-CFO

A central Kentucky city has settled a lawsuit with its former chief financial officer who claimed he was unfairly demoted. The Danville City Commission agreed to pay Spencer Rodgers $125,000 and allow him to stay in the position of IT …

Kentucky Auditor Clears League Over Workers’ Compensation Purchase

Kentucky’s state auditor has found no fraud in the insurance buying practices of the Lexington-Fayette County Urban Government. Auditor Crit Luallen said her agency found no evidence to conclude that the city’s decision to purchase workers’ compensation coverage through the …

It Figures

23 The age of the person, Aylin Hernandez of Miami, charged with stealing payments intended for Citizens Property Insurance Corp. If convicted, Hernandez faces up to 45 years behind bars. Investigators allege that Hernandez created her own corporation named Citizens …

Business Moves

Markel, Hiscox Insurer Markel acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed. The transaction includes the rights to the American Live Stock and Harding & Harding …

Clock is Ticking on Surplus Lines Tax Reform

With Less Than a Year to Go, Can States Agree on Tax Sharing Plan? The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in …

Business Moves

Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed. The transaction, which includes the rights to the American Live Stock and Harding …

Business Moves

Palmer Miller Nelson, Keystone Insurers Group Palmer Miller Nelson Insurance Agency Inc. (PMN) of Columbus, Ohio, has become Keystone Insurers Group’s 24th franchise partner in Ohio. In business since 1855, PMN was the first agency appointed by Ohio Farmers Insurance …

Business Moves

Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed, but the companies said it would close the transaction by October 1. The …

Kentucky Police Find Stolen Golf Carts For Sale Online

Police in central Kentucky have recovered six stolen golf carts after finding three of them offered for sale online. WAVE-TV in Louisville reported that Hillview Police discovered the carts offered on Craigslist. Billy Tilford at Maplehurst Golf Course said he …