Kentucky News

Kentucky League of Cities Insurance Board Cuts Ties to Law Firm

A Kentucky League of Cities agency has stopped using a law firm where the husband of the League’s executive director works. The Lexington Herald-Leader reports the League’s Insurance Services board decided last week to immediately stop using the firm of …

Kentucky Town Stops Billing Visiting Drivers for Crashes

A northern Kentucky city has stopped billing out-of-town drivers blamed for traffic crashes. The Kentucky Enquirer reports that Erlanger officials say the billing policy has become “a public relations nightmare” and it isn’t bringing in as much as originally projected. …

Insurance Adjusters Survey Flood Damage at Kentucky Derby Museum

Much of the Kentucky Derby Museum’s prized collection is scattered on tables after extensive damage from flash flooding that hit Louisville. Insurance investigators toured the museum on Wednesday, a day after torrential rains flooded the basement where about half of …

Kentucky National Enters Tennessee P/C Insurance Market

Kentucky National Insurance Co., a Lexington-based property/ casualty insurance company, began offering insurance to customers in Tennessee June 1, 2009. Kentucky National is offering auto, homeowners, boat, renters, manufactured home, dwelling fire and excess liability insurance. The company’s insurance is …

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. Vacant Property Market Detail: American Management Corp. offers property protection to owners of residential and …

Top 100 Privately-Held Property/Casualty Agencies

Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C Revenue 2008 Rank by Revenue …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

Why Bankruptcy Rates Vary By State

State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates Twenty-four percent of agents and brokers have had business customers go into bankruptcy in the past two years; another 24 percent have had customers file for personal bankruptcy, …

M&A Activity Continues at a Snail’s Pace Compared to 2008

Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year when 71 transactions …

West Virginia Worker Identified in Fatal Accident at Mine

A truck operator killed at a West Virginia surface mine on Tuesday has been identified. State mine agency spokeswoman Jama Jarrett said Wednesday that 28-year-old Mark Gray of Belle died Tuesday when his truck backed into a sediment pond at …