Kentucky News

Don’t Let Sinkhole Coverage Fall through the Cracks

This post is part of a series sponsored by CoreLogic. Owning a home is one of the largest investments most Americans will ever make and yet few homeowners understand that comprehensive sinkhole coverage is not part of a standard homeowner’s …

California-Based Palomar Specialty Insurance Expands Into More States

La Jolla, Calif.-based Palomar Specialty Insurance Co., established in February 2014 as a specialty catastrophe insurer, announced it is now licensed to write residential and commercial insurance in 14 states. Palomar Specialty initially focused on writing residential earthquake insurance, commercial …

Berkley Fire & Marine Underwriters Hires O’Connell in Ohio

Chicago, Ill.-based Berkley Fire & Marine Underwriters hired Kiley O’Connell as territory underwriting manager for the states of Ohio, Kentucky and Indiana. He is based in Cincinnati, Ohio. O’Connell is responsible for agency relationships and underwriting management for the newly …

Trucking Company Owner Pleads Guilty in Missouri to Cargo Theft Scheme

A Memphis, Tenn., business owner pleaded guilty in federal court to his role in a cargo theft scheme that included a theft in West Plains, Mo. Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that Earl …

AgentLink Acquires Indiana’s Consolidated Brokerage Services

Louisville, Ky.-based insurance broker AgentLink announced it has acquired 100 percent ownership of Consolidated Brokerage Services (CBS) in Indianapolis, Ind. Founded in August of 2005 and originally owned by John Carroll, CEO of Cornerstone Broker Insurance Services Agency Inc., and …

Hundreds of Homes Destroyed by Midwest Tornado Outbreak: AIR

Hundreds of homes were flattened by the outbreak of intense late-season thunderstorms accompanied by high winds, quarter-to-baseball sized hail, and dozens of tornadoes that swept across the Midwest on Nov. 17, according to catastrophe modeling firm AIR Worldwide. Tornadoes were …

Kentucky Court: No WC Benefits for Unemployed Volunteer Firefighter

A Kentucky appellate court recently ruled that an injured volunteer firefighter is not eligible for permanent disability benefits because he had no “regular employment” — thus no average weekly wages with which to calculate the award.The ruling, announced last month, …

Kentucky Annual Workers’ Comp Loss Costs Fall for 7th Consecutive Year

Kentucky regulators said an annual filing most carriers will use to develop rates for workers’ comp coverage shows the seventh consecutive overall decrease in loss costs.The 2012 filing, approved by Kentucky’s insurance department and effective Oct. 1, is by the …

Kentucky County Eyeing Timber Firms Over Road Damage

A western Kentucky county is eyeing loggers and their trucks as the cause of damage to county roads. The Hopkins County Fiscal Court is weighing a measure to fine large trucks if they damage county roads while hauling big loads. …

Facing Paltry Yields, Kentucky Farmers Hope Insurance Will Cover Costs

Kentucky agriculture is reeling from a summertime one-two punch of blistering heat and dry conditions, and farmers are feeling the pain from the prospects of shrinking income and inflated expenses caused by weather-related setbacks. Corn fields are shriveled, especially in …