IIK's Issues
Auto Insurance: Personal Injury Protection (PIP) reform
Personal Injury Protection (PIP) is a mandatory auto insurance coverage in Kentucky. PIP costs in Kentucky have been increasing at an unacceptable rate for a decade because costs are not managed and current law prevents any real oversight of PIP medical bills. Read more here...
See a video on PIP abuses as reported by WHAS 11 News
WHAS 11 News Reporter Chuck Olmstead aired a report on May 14, 2007 about abuses of Personal Injury Protection (PIP) insurance coverage in Louisville, Kentucky. Read more here...
The Use of Credit-Scoring in Setting Premiums
One of the many factors that insurance companies may consider in determining your insurance premium is your "insurance score" which is based on portions of your credit rating. This actually benefits most consumers. Read more here...
Kentucky's 12% Judgment Interest Law
To compensate successful plaintiffs for any delay in the payment of a money judgment awarded by the court, defendants are required to pay interest on the judgment until it is paid in full. The rate of interest in Kentucky is currently set by statute at a 12% annual rate. This 12% rate is out of step with current money market rates and with the rates in surrounding states. Read more here...
Municipal Emergency Response Fees
In many states local communities have begun the practice of instituting "emergency response fees" that are billed to those involved in an auto accident or other incidents that require a response by emergency first responders. These fees charged are in addition to the taxes already paid by local residents for these same services. Are they covered by your insurance? Read more here...
Local Government Insurance Premium Taxes (Municipal Premium Taxes)
Kentucky law permits local governments to impose taxes on premiums charged by insurance companies. The collection of these taxes is administered entirely at the local level. Read more here...
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