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The Kentucky Association of Counties All Lines Fund held a Board of Trustees meeting at 12:30 p.m. on Monday, September 29, 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 (via video teleconference); Stephen Harmon, Warren County Jailer; 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; Kris Dunn, Associate Director of Insurance; Tim Sturgill, General Counsel; Karen Basham, Chief Financial Officer; Crystal Hellard, Litigated Claims Manager; Jeremy Head, Claims Manager; Rich Ornstein, Staff Attorney; Andrea Morse, Insurance Agency Manager; Marie Skinner, Accounting Manager; Kathy Basham, Lindsey Bowman, and Macy Thompson, Customer Service Representatives; Steve Clary, Safety and Loss Control Specialist; Jennifer Burnett, Director of Strategic Operations; Shellie Hampton, Director of Government Affairs; Sue Porter, Michelle Barrett, and Kathy Marshall, Public Entity Insurance/KACo Marketing Agents; Rob Brown, Local Government Insurance Agency/KACo Marketing Agent; Clint Combs, HUB International/KACo Marketing Agent; Jeremy Russell, Ed Meredith, and Terry Banaszak, Charles Taylor TPA; Missi GeeAnn, Marsh, Inc.; Tracey Reed, Reed Consulting, Inc.; Jesse Penn, Computer Support Specialist; 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 Stephen Harmon, to approve the minutes of the August 27, 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 August 31, 2025; FY 2025/26 PAF budget for period July 1, 2025 through August 31, 2025; new business activity for August 1 - 31, 2025; FY 2025/26 agent commissions by agency as of August 31, 2025; and one premium receivable for FY 2024/25.
Ms. Basham presented the investment report and security transactions for August 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 Stephen Harmon, seconded by Reagan Taylor, to acknowledge receipt of the financial reports as presented. Motion carried.
Motion made by Stacy Tapke, seconded by Stephen Harmon, to accept the investment report and to ratify the security changes as presented. Motion carried.
Ms. Basham presented and discussed the engagement letter with Deming, Malone, Livesay & Ostroff to perform the audit of financial statements for year ended June 30, 2025.
Motion made by Reagan Taylor, seconded by Stephen Harmon, to approve the engagement letter as presented. Motion carried.
Mr. Baird presented a resolution to appoint himself as the Fund's representative to County Reinsurance, Limited replacing Temple Juett, effective Oct. 1, 2025.
Motion made by Stephen Harmon, seconded by Steve Henry, to approve the resolution as presented. Motion carried.
Mr. Baird presented an updated defense panel policy and procedures for the board's consideration.
Motion made by Stacy Tapke, seconded by Reagan Taylor, to approve the defense panel policy as presented. Motion carried.
Mr. Baird, giving the director's report, stated that the KACo Insurance safety grant program has closed, receiving a record number of over 140 applications. The loss control staff is promoting a signage campaign across the state focused on promoting road safety, preventing accidents and protecting municipalities from legal liability. He mentioned that this month, he and Mr. Juett attended two CRL meetings, one on property and the other a board meeting. Mr. Baird also noted that CRL will not be offering cyber insurance in fiscal year 2026. A questionnaire will be sent to members to assist staff in working with Marsh to compile quotes for cyber insurance coverage.
The next meeting is scheduled for Oct. 29, at 12:30 p.m.
Motion made by Reagan Taylor, seconded by Steve Henry, to go into closed session at 12:58 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 1:29 p.m. Motion carried. No action was taken in closed session.
Chairman Gritton, along with the board, expressed their sentiments and accolades to Mr. Juett, who is retiring as Chief Insurance Officer effective September 30. He received a round of applause.
Motion made by Reagan Taylor, seconded by Stephen Harmon, to adjourn the meeting at 1:33 p.m. Motion carried.
