Kentucky News

10 Most, Least Affordable States for Car Insurance

InsWeb, an online insurance comparison provider, recently released its 2010 Car Insurance Affordability Index — a list of the most and least affordable states in which to insure a vehicle. To develop the list, InsWeb ranked all 50 states and …

Neace Lukens Opens Dayton, Ohio, Office; Grows Construction Group

Louisville, Ky.-based insurance broker Neace Lukens has opened a new office in Dayton, Ohio. The new office consists of two full-time employees. Michael Ward joins as vice president of its construction insurance services group, and Deb Markland serves as a …

Kentucky’s Arison Insurance Acquires Benefits Solutions

Louisville, Ky.-based insurance and benefits broker Arison Insurance Services, Inc. has acquired London, Ky. based insurance broker, Benefits Solutions, LLC. The acquisition creates Arison’s seventh regional office in Kentucky. Terms were not disclosed. David Combs, former chief executive officer of …

Penny Named Regional President at Brown & Brown

Brown & Brown Inc. has promoted J. Scott Penny to the position of regional president. Penny, who has served as a regional executive vice president since 2002, is responsible for oversight of retail profit center operations of Brown & Brown …

Massey Settles Lawsuit Over Miner’s Death for $2.1 Million

Massey Energy has settled a lawsuit filed by the family of a contract worker killed at one of the company’s West Virginia coal mines. Boone County Circuit Court records show Massey paid the family of Steven Cain $2.1 million. Cain …

Business Moves

First Mercury, Valiant First Mercury Financial Corp., based in Southfield, Mich., reported that its principal insurance subsidiary, First Mercury Insurance Co., is acquiring Valiant Insurance Group Inc., a subsidiary of Ariel Holdings Ltd. The purchase price for Valiant, an amount …

Kentucky Debates Farm Safety Laws After Hayride Death

The death of a woman thrown from a hay wagon during a ride at a county fair has opened a debate over whether Kentucky needs stronger laws on farm equipment safety. Dale Dobson, head of the Farm Safety Program through …

Declarations

Meant It “I meant exactly what I said in August 2007. I did not expect actual, economic losses on the portfolio. That said, I was truthful at all times about the unrealized accounting losses and did my very best to …

Kentucky Texting While Driving Ban Takes Effect

Texting while driving is no longer allowed in Kentucky. The practice became illegal on Thursday, as the new law banning the practice takes effect. A statement from Gov. Steve Beshear’s office says Kentucky had more than 57,000 crashes last year …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Oil & Gas Risks Market Detail: Towerstone Inc.’s energy practice has recently teamed with Hallmark …