Kentucky Gov. Steve Beshear has signed an executive order prohibiting insurance companies from canceling policies or changing rates in counties hit by deadly tornadoes.
Beshear’s staffers said it was the first time such an order had been executed in Kentucky.
The second-term Democrat said the executive order also requires insurance companies to allow more time for people in storm-ravaged communities to pay their premiums for health, life and property insurance.
Under the order, cancellations and rate increases will have to wait until at least April 15.
Topics Kentucky
Was this article valuable?
Here are more articles you may enjoy.
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
World’s Growing Civil Unrest Has an Insurance Sting 
Preparing for an AI Native Future 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer From This Issue
