A nonprofit publication of the Kentucky Center for Public Service Journalism

Two Jefferson County women plead guilty to multiple felony, misdemeanor counts of insurance fraud

The Division of Insurance Fraud Investigation of the Kentucky Department of Insurance (DOI) has completed a 19-month investigation resulting in the fraud conviction of two Jefferson County women on Oct. 8 by the Jefferson Circuit Court. Former insurance agent Adley Riley, 27, and roommate Kharis Montgomery, 28, pled guilty to multiple felony and misdemeanor counts of insurance fraud, totaling $50,939.99. DOI...

Kentucky’s annual workers’ comp filing approved; loss costs down for 12th consecutive year

The Kentucky Department of Insurance (DOI) announced the approval of the 2017 rate filing used to develop rates for workers’ compensation coverage. For the twelfth consecutive year, the filing shows an overall decrease in Kentucky’s loss costs. A loss cost is an average compensation for lost wages based on the level of disability, plus medical benefit payments. DOI Commissioner Nancy Atkins attributes...

Preliminary health insurance rates submitted for state market show significant increases for individuals

Insurance carriers have submitted proposed rates to the Department of Insurance (DOI) for 2018 in Kentucky’s individual and small group markets. In a continuing trend tied to market forces, an aging population, and systemic instability and uncertainty injected by the failure of Obamacare, the proposed rates reflect substantial year-over-year increases ranging from 6.5 percent to 47.7 percent, depending...