Kentucky News

Minnesota Scores “A+” on Workers’ Comp Report Card

Minnesota ranks the best in the nation in terms of workers’ compensation performance, according to the Encinitas, Calif.-based Work Loss Data Institute (WLDI), which recently released its 2010 State Report Cards for Workers’ Compensation. Using eight years of data from …

Kentucky Senate Advances Texting While Driving Ban

A bill seeking to ban people from sending text messages while driving in Kentucky has won approval from the state Senate. The measure would prohibit drivers from writing, sending or reading text messages when their vehicle is in motion. It …

Plug Could Be Pulled from Flood Insurance Program Again This Weekend

Insurance and real estate agents are being advised to prepare their clients for another possible interruption of the federal flood insurance program in three days, which could be longer than the one that happened last month. The Senate is expected …

21st Century Holding to Buy Florida’s HomeWise Insurance

21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain insurance policies from HomeWise Preferred Insurance Co. Terms of the proposed transaction were …

It Figures

1,018 The number of grants South Carolina has awarded to coastal homeowners who have taken steps to shield their homes against hurricane winds the past two years. Insurance Commissioner Scott Richardson said that the SC Safe Home Program has awarded …

Declarations

Kentucky Shock “Shame on you for the blatant, arrogant, self-effacing abuses. Equally shocking is for the board to allow executives involved in the oversight of such abuses to remain.” —Cold Spring Mayor Mark Stoeber in a letter to the Kentucky …

Don’t Let Research Distract From Safe Driving Efforts

The National Highway Traffic Safety Administration reports that nearly 6,000 people died in 2008 in crashes involving a distracted or inattentive driver, and more than half a million were injured. Many of them were teens. According to the Insurance Institute …

Ratings Recap: Am. Physicians, RenRe No. Am. (debt), Century/Brandywine, Ky. Growers

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of American Physicians Group and its primary member, American Physicians Assurance Corporation, the lead subsidiary of American Physicians Capital Inc. …

A.M. Best B+ (Good) Rated Contractor GL Insurance Carrier Expanding to 35 States

National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …

U.S. Trade Rep Describes Doha WTO Deal as Doubtful in 2010

The top U.S. trade official expressed doubt Tuesday that negotiators could reach a deal this year in long-running world trade talks despite a goal set by President Barack Obama and other leaders. But in remarks at the National Press Club, …