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The Kentucky Association of Counties All Lines Fund held a Board of Trustees meeting at 12:30 p.m. on Wednesday, May 28, 2025. This meeting was held at the KACo office located at 400 Englewood Drive in Frankfort, Ky. and via video teleconference, pursuant to proper notice given in accordance with KRS 61.826 and KRS 65.312(3).
The roll was called. The following Trustees were present: Chairman Orbrey Gritton, Anderson County Judge/Executive; Vice-Chair Stacy Tapke, Kenton County Attorney; Stephen Harmon, Warren County Jailer (via video teleconference); Reagan Taylor, Madison County Judge/Executive; and Steve Henry, Webster County Judge/Executive.
Others present included: Jim Henderson, Executive Director/CEO; Temple Juett, Chief Insurance Officer; Jeremy Baird, Director of Insurance; Steve Bolton, Board Counsel; Tim Sturgill, General Counsel; Kris Dunn, Underwriting Manager; Andrea Morse, Insurance Agency Manager; Michael Ray, Safety and Risk Manager; Jeremy Head, Claims Manager; Crystal Hellard, Litigated Claims Manager; Marie Skinner, Accounting Manager; Alyssa Rogers, Staff Accountant; Dwayne Litton and Steve Clary, Safety and Loss Control Specialists (both via video teleconference); Phil Crumpton, Law Enforcement Liaison; Shellie Hampton, Director of Government Affairs; Jennifer Burnett, Director of Strategic Operations; Sydney Blodgett, Member Engagement Manager; Sue Porter, Michele Barrett, and Kathy Marshall, Public Entity Insurance/KACo Marketing Agent; Joe Greathouse, Commonwealth Insurance Advisors, LLC/KACo Marketing Agent; Clint Combs, HUB International/KACo Marting Agent; Rob Brown, Local Government Insurance Agency/KACo Marketing Agent; Kristie Whistle, Marsh, Inc.; Jeremy Russell and Ed Meredith, Charles T. Taylor, PLLC; KACo President Dan Mosley, Harlan County Judge/Executive; and Sonya Chesser, Executive Assistant to CEO/Director of Administrative Services.
Chairman Gritton called the meeting to order at 12:30 p.m.
Motion made by Reagan Taylor, seconded by Stacy Tapke, to approve the minutes of the April 30, 2025, meeting as presented. Motion carried.
Mr. Henderson introduced KACo's new Director of Insurance, Jeremy Baird, to the board. Mr. Baird provided biographical information, including his professional experience.
Ms. Skinner presented and discussed the following financial reports: balance sheet, income statement and claims expense report as of April 30, 2025; FY 2024/25 PAF budget as of April 30, 2025; new business activity for April 1 - 30, 2025; FY 2024/25 agent commissions by agency as of April 30, 2025; and FY 2024/25 premium receivable report as of May 20, 2025.
Ms. Skinner presented the investment report for April 2025; the investment transactions for April 2025; and the FY 2024/25 investment portfolio summary by month. The board received a full listing of the Fund's investments electronically prior to the meeting. She said the Fund is in compliance with the ratios as statutorily required.
Motion made by Stacy Tapke, seconded by Reagan Taylor, to acknowledge receipt of the financial reports as presented. Motion carried.
Motion made by Stacy Tapke, seconded by Reagan Taylor, to accept the investment report and to ratify the security changes as presented. Motion carried.
Mr. Head presented and discussed the quarterly claims report as of April 30, 2025.
Mr. Juett provided an update on reinsurance premium indications. He noted that it is likely that the Fund will no longer be able to offer cyber coverage through County Reinsurance Limited effective July 1, 2026. However, the Fund may still be able to offer coverage through another carrier, but members would likely be required to complete detailed applications and meet strict underwriting standards.
The next meeting is June 25, at 12:30 p.m.
Motion made by Reagan Taylor, seconded by Steve Henry, to go into closed session at 12:56 p.m. to discuss proposed or pending litigation involving the board as authorized by KRS 61.810(1)(c). Motion carried. Motion carried.
Motion made by Reagan Taylor, seconded by Steve Henry, to return to open session at 1:31 p.m. Motion carried. No action was taken in closed session.
Motion made by Steve Henry, seconded by Reagan Taylor, to adjourn the meeting at 1:31 p.m. Motion carried.
