A nonprofit publication of the Kentucky Center for Public Service Journalism

Atkins appointed commissioner of state Department of Insurance; O’Connor named deputy commissioner

Nancy G. Atkins has been appointed Commissioner of the Kentucky Department of Insurance (DOI), and Patrick O’Connor has been named Deputy Commissioner of Policy. Atkins is a 33-year veteran of the insurance industry, working as both a licensed agent and employee benefit manager. She previously served as the Deputy Commissioner for DOI, an appointment she held since February. Prior to joining DOI,...

Dept. of Insurance to return $1m each to member schools, KLCIS related to failure of company

The Franklin Circuit Court has approved an agreed judgment to return funds from the defunct Kentucky School Board Insurance Trust (KSBIT) to nearly 200 Kentucky schools, colleges and education groups and to the Kentucky League of Cities Insurance Services Association (KLCIS).  Under the terms of the settlement negotiated by Department of Insurance Commissioner Brian Maynard, who serves as court-appointed...

State sues failed Kentucky Health Co-op’s former chief executive board, alleging mismanagement

By Melissa Patrick and Al Cross Kentucky Health News The former president and directors of the Kentucky Health Cooperative, created under federal health reform, are facing a lawsuit from the state as liquidator of the failed, not-for-profit health insurer. “Years of mismanagement by co-op administrators and contractors forced the co-op into liquidation, leaving Kentucky’s citizens and their health-care...

Baptist Health says too many healthy clients resulted in federal penalty, withdrawal from exchange

Baptist Health Plan pulled out of Kentucky’s insurance exchange because it attracted too many healthy customers and thus drew a federal penalty, Boris Ladwig reports for Insider Louisville. “The narrative is counter-intuitive and stands in contrast to some of the giant insurance companies’ complaints in recent months that the customers they’ve gained on the exchanges have been too sick...

Baptist Health Plan announces intension to withdraw from Kentucky’s individual insurance market

Baptist Health Plan, Kentucky’s fourth largest health insurance provider, has informed the Kentucky Department of Insurance (DOI) that it will withdraw entirely from the individual health insurance market for the 2017 plan year. Approximately 7,000 Kentuckians will have to find a new insurance provider. In a letter to Insurance Commissioner Brian Maynard, Baptist Health Plan president James S....

Annual workers’ compensation costs see overall decline for 11th straight year, Maynard says

An annual filing most insurance carriers will use to develop rates for workers’ compensation coverage shows the eleventh consecutive overall decrease in loss costs, Department of Insurance Commissioner Brian Maynard announced Friday. The 2016 filing, approved by the Kentucky Department of Insurance and effective Oct. 1, was submitted by the National Council on Compensation Insurance Inc. (NCCI),...

State approves nearly all health insurers’ rate hike requests for plans on exchange

Health insurers get almost all of the rate hikes they requested for plans on exchange; some get more than requested. The state Department of Insurance has largely approved the rate increases that health-insurance companies requested for individual and small-group plans that will be sold through the federal health-insurance exchange for 2017. The major exceptions were a 5.6 percent hike for individual...

Health-insurance companies seek rate increases averaging 17 percent; failure of non-profit blamed

From Kentucky Health News Health insurers want rate increases averaging 22.3 percent in 2017 for individual policies in Kentucky. Counting small-group plans, the overall increase would be 17 percent, “continuing a national trend of hefty hikes as insurers adapt to a market reshaped by President Barack Obama’s signature health care law,” Adam Beam reports for The Associated Press. “But...

State insurance commissioner files suit against contractor for failed Kentucky Health Cooperative

State Insurance Commissioner Brian Maynard, acting as liquidator of the failed Kentucky Health Cooperative, filed suit in Franklin Circuit Court Friday against against the company that the co-op hired to process and pay claims. The suit contends that CGI Technologies and Solutions Inc. was “grossly negligent” in processing and paying claims and thus breached its contract. The co-op, created...

Kentucky Department of Insurance gives approval for Anthem’s purchase of Cigna Dental Health

The Kentucky Department of Insurance has approved Anthem’s application to purchase Cigna Dental Health of Kentucky, Inc., doing business as Cigna Dental Health. The decision comes after seven months of review. Insurance Commissioner Brian Maynard (Photo Provided) Department of Insurance analysts have determined that the acquisition would not unfairly reduce competition in the state, would not tend...