Thursday, December 10, 2009
KLC Helps With School Insurance
KENTUCKY....
Kentucky law requires school districts to carry insurance for school property, boilers, auto liability, workers' compensation and unemployment insurance, about half covered by the Kentucky School Boards Insurance Trust. Tuesday, the Kentucky League of Cities announced KLC Insurance Services will take over administration and management of the financially troubled insurance pool that protects Kentucky school property and employees. KLC will infuse $8 million into the school boards' insurance pool — $5.5 million for the workers' compensation fund and $2.5 million for the property/liability fund. Operations would be run from KLC's Lexington office rather than KSBA's Frankfort office, and the $8 million will eventually have to be paid back.
Kentucky law requires school districts to carry insurance for school property, boilers, auto liability, workers' compensation and unemployment insurance, about half covered by the Kentucky School Boards Insurance Trust. Tuesday, the Kentucky League of Cities announced KLC Insurance Services will take over administration and management of the financially troubled insurance pool that protects Kentucky school property and employees. KLC will infuse $8 million into the school boards' insurance pool — $5.5 million for the workers' compensation fund and $2.5 million for the property/liability fund. Operations would be run from KLC's Lexington office rather than KSBA's Frankfort office, and the $8 million will eventually have to be paid back.
# posted by Homer Owens @ 10:46 PM 
