154 Million Dollar Workers Comp Surplus Slated for Refund in Kentucky

Kentucky's workers' compensation self-insurance group is reportedly running a $154 million surplus and is facing pressure to refund a portion of the money to policyholders. KEM takes in approximately $125 million in premiums a year. For more Information: www.reduceyourworkerscomp.com

The Lexington Herald-Leader reported that Gov. Steve Beshear sent a letter last week to the quasi-public Kentucky Employers' Mutual Insurance company, urging it to disperse a portion of its surplus to small businesses having a hard time financially. Then Sen. Majority Floor Leader Robert Stivers, R-Manchester, filed legislation that would force KEMI to do likewise. (workersxzcompxzkit)

The agency recently reported to the Department of Insurance it has a $154 million surplus to go with a $357 million cushion required to pay current and future claims.

Author Robert Elliott, executive vice president, Amaxx Risks Solutions, Inc. has worked successfully for 20 years with many industries to reduce Workers’ Compensation costs, including airlines, healthcare, manufacturing, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing. Contact: Robert_Elliott@ReduceYourWorkersComp.com or 860-553-6604.

FREE WC IQ Test: http://www.workerscompkit.com/intro/
WC Books: http://www.reduceyourworkerscomp.com/workers-comp-books-manuals.php
WC Calculator: http://www.reduceyourworkerscomp.com/calculator.php
TD Calculator: http://www.reduceyourworkerscomp.com/transitional-duty-cost-calculator.php

Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers' comp issues.