Kentucky News

West Virginia Workers’ Compensation Insurer Approved in Kentucky

West Virginia’s BrickStreet Mutual Insurance Co. said it received word this week that it has been approved to write workers’ compensation insurance in Kentucky. The expansion into Kentucky begins a “new phase of open market competition” for the former state …

Eight States Challenge Product Liability Issues in GM Bankruptcy

A provision that would release future owners of General Motors for product liability on cars sold prior to the company’s bankruptcy is being challenged by the attorneys general of eight states. GM’s bankruptcy filing, now working its way through a …

States Seek to Join Federal Probe Into AIG Bonuses, Alleged ‘Half Truths’

U.S. states probing employee bonuses paid by American International Group Inc. using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves. Since March, a 19-state coalition has been investigating …

Judge Says Feds Can Seize $30 Million from Kentucky Diet Scam Lawyers

Federal prosecutors may seize $30 million and three bank accounts from a pair of Kentucky lawyers convicted of bilking clients in a diet-drug settlement, a judge says. U.S. District Judge Danny Reeves on Thursday granted the government’s request to take …

Earthquake Monitors Headed to Midwest

More than 40 earthquake recording stations will be placed around the state and in Iowa as part of a federal initiative overseen by Missouri University of Science and Technology. The seismic monitors join another 400 stations already in place across …

Democrats Eye Health Co-Ops as Health Insurance Option Compromise

With Republicans fighting the idea of a government-run health insurance plan, Obama administration officials said that they are open to a compromise: a cooperative program that would expand coverage with taxpayer money but without direct governmental control. Congress began work …

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. Contractors General Liability Market Detail: London American Risk Specialists Inc. brings agents a commercial general …

Bankrupt Kentucky Jockeys’ Guild, Ex-CEO Settle Insurance Funds Dispute

The Jockeys’ Guild and its one-time head have settled a long-running legal dispute, removing one of the last obstacles to the organization closing its bankruptcy proceedings. The settlement filed Friday between the Nicholasville, Ky.-based group and former CEO Wayne Gertmenian …

Business Moves

Hiscox Hiscox, an international specialist insurer, has opened an office in Miami to further expand its U.S. operations. The Miami office, which is located in the heart of the Brickell area, will serve brokers in the Southeast. The lines of …

It Figures

10% The increase in Atlanta’s homeowners insurance rates that is possible unless the city hires more firefighters and improves fire training. Georgia Insurance Commissioner John Oxendine said a report by Insurance Services Office (ISO) that found Atlanta’s public protection classification …