The Kentucky Department of Insurance announced it has obtained a temporary restraining order against two entities that are alleged to have been marketing professional liability coverage to Kentucky physicians and medical facilities without proper authorization.
Judge William Graham of the Franklin Circuit Court issued the restraining order against Security Trust Insurance Company Ltd. and Ameristar Ltd. Security Trust and Ameristar are both located in Christiansted, St. Croix, Virgin Islands. According to court documents, Ameristar purports to be a subsidiary of Security Trust.
At least three physicians and one group of clinics in Kentucky have been sold professional liability coverage by these entities. Neither company has the necessary authorization to conduct insurance business in the Commonwealth, according to the department.
Topics Kentucky
Was this article valuable?
Here are more articles you may enjoy.
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
Louvre Tightens Security After $102M Jewel Heist, Installs Bars on Infamous Window 
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
Head of EEOC Urges White Men to Report Discrimination 
