New Kentucky Insurance Commissioner steps up to head her department

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Nancy G. Atkins has been the deputy commissioner and has now been appointed to the top spot. The new Kentucky Insurance Commissioner has now been named as former Deputy Commissioner Nancy G. Atkins was appointed to the position. Atkins is now heading the state’s Insurance Department, where she already has extensive experience. The latest Kentucky Insurance Commissioner is no new entry to the industry or the types of duties she has taken on as her own. Atkins has been working within the insurance industry for 33 years. She has worked…

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Changes to Kentucky Medicaid program may make health insurance more expensive for consumers

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Rand Paul wants people to pay for the coverage they receive through Medicaid Senator Rand Paul has announced that he will aid Kentucky Governor Matt Bevin in acquiring a waiver from the federal government to allow the state to charge Medicaid recipients for the health insurance coverage they receive. Senator Paul suggests that the Medicaid program is a financial burden, and if consumers do not pay for the coverage they receive the program may no longer be viable. The senator wants the state to move away from the Medicaid program,…

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Kentucky approves controversial health insurance deal between Aetna and Humana

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New Insurance Commissioner grants approval for Aetna’s acquisition of Humana Kentucky’s new Insurance Commissioner, H. Brian Maynard, has approved of a controversial acquisition plan from Aetna. The insurance provider has plans to acquire Humana in a deal that has caused concern among consumers and some government officials. The deal is valued at approximately $37 billion and some fear that it could have a dramatic impact on the health insurance market. Commissioner Maynard’s decision to approve the deal has been met with some criticism. Economists have yet to report on the…

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Kentucky aims to close its health insurance exchange

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Governor Matt Bevin intends to shut down the Kentucky health insurance exchange Kentucky lawmakers are beginning to move forward with plans to close the state’s health insurance exchange. In late December of 2015, Governor Matt Bevin sent a letter to federal officials informing them of the plan. The governor noted that the exchange will no longer be operational “as soon as is practicable.” According to federal law, this will be a year-long process, at least, and will not have an impact on the health insurance policies that were sold through…

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Health insurance rates to go up in Kentucky

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Insurers seek rate increases for policies sold through the state’s health insurance exchange The majority of the companies participating in Kentucky’s health insurance exchange are looking to raise premiums next year. These companies are citing the provisions of the Affordable Care Act as the reason for rate increases. The Kentucky Department of Insurance has receive rate increase proposals from most of the companies selling policies through the exchange. If approved, coverage through the exchange would become more expensive at the beginning of next year. Kentucky Health Cooperative seeks a 25.1%…

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Companies seek to participate in Kentucky’s health insurance exchange

Kentucky insurance exchange health insurers

Exchange’s success proves attractive to two insurance companies that are now seeking to participate in the digital marketplace Two new insurance companies have expressed interest in selling their policies through Kentucky’s health insurance exchange. The state-run exchange has provided policies to more than 421,000 people throughout the state during its first open enrollment period. The exchange will have another enrollment period later this year and insurance companies are eager to participate in the exchange in order to gain access to a growing consumer base that is looking for insurance coverage.…

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Tornado Outbreak in the Midwest on Sunday Destroys Hundreds of Homes: AIR

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BOSTON, Nov. 19, 2013 – According to catastrophe modeling firm AIR Worldwide, on Sunday, November 17, 2013, an outbreak of intense late-season thunderstorms accompanied by high winds, quarter-to-baseball sized hail, and dozens of tornadoes swept across the Midwest, flattening hundreds of homes. While tornadoes were sighted in several states, including Kentucky, Indiana, and Ohio, the most damaging twisters occurred in central Illinois. According to preliminary reports from the NOAA Storm Prediction Center (SPC), 80 tornadoes were produced by this severe thunderstorm outbreak, making it the second most active severe weather…

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