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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, August 27, 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 (via video teleconference); 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; Tim Sturgill, General Counsel; Karen Basham, Chief Financial Officer; Michael Ray, Safety and Risk Manager; Jeremy Head, Claims Manager; Crystal Hellard, Litigated Claims Manager; Marie Skinner, Accounting Manager; Alyssa Rogers, Staff Accountant; Phil Crumpton, Law Enforcement Liaison; Macy Thompson, Kathy Basham, and Lindsey Bowman, Customer Service Representatives; Shellie Hampton, Director of Government Affairs; Sue Porter (via video teleconference) and Michele Barrett, Public Entity Insurance/KACo Marketing Agents; Joe Greathouse, Commonwealth Insurance Agency/KACo Marketing Agent; Rob Brown, Local Government Insurance Agency/KACo Marketing Agent; Ed Meredith, Terry Banaszak, and Jeremy Russell, Charles T. Taylor, PLLC; GeeAnn Missi, Marsh, Inc.; Danny Linton, Pinnacle Actuarial Resources; Jeff Mando, Adams Law Group; Keith Bond, Lochmiller Bond Attorneys; 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 Stacy Tapke, seconded by Steve Henry, to approve the minutes of the July 30, 2025, meeting as presented. Motion carried.
Ms. Basham presented and discussed the following financial reports: balance sheet, income statement and claims expense report as of July 31, 2025; FY 2025/26 PAF budget as of July 1 - 31, 2025; new business activity for July 1 - 31, 2025; FY 2025/26 agent commissions by agency as of July 31, 2025; and FY 2024/25 receivable as of August 22, 2025.
Ms. Basham presented the investment report and security transactions for July 2025. 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 Steve Henry, to accept the investment report and to ratify the security changes as presented. Motion carried.
Mr. Linton presented the reserve study for the period ending June 30, 2025 as prepared by Pinnacle Actuarial Resources. He recommended setting the reserves at the level of nominal unpaid loss and ALAE at $91,999,000, per the June 30, 2025 actuarial report.
Motion made by Stacy Tapke, seconded by Reagan Taylor, to set the reserves as recommended. Motion carried.
Mr. Head presented the quarterly claims report as of July 31, 2025.
Mr. Baird provided an director's report. He also announced that the KACo Workers Compensation Fund and KACo All Lines Fund joint annual safety grant program is now open. This program allows members to apply for up to $10,000 in financial assistance to purchase safety equipment, training, or consulting services. The application deadline is September 19. He said the loss control department will be launching a signage campaign in September aimed at reducing claims losses caused by stolen county signs.
The next meeting is scheduled for Sept. 29, at 12:30 p.m.
Motion made by Stacy Tapke, seconded by Reagan Taylor, to go into closed session at 1:21 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 2:53 p.m. Motion carried. No action was taken in closed session.
Motion made by Reagan Taylor, seconded by Stacy Tapke, to adjourn the meeting at 2:53 p.m. Motion carried.
