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The Kentucky Association of Counties All Lines Fund held a Board of Trustees meeting at 1 p.m. on Wednesday, January 21, 2026. 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 (via video teleconference); Reagan Taylor, Madison County Judge/Executive; and Steve Henry, Webster County Judge/Executive.
Others present included: Jim Henderson, Executive Director/CEO; Jeremy Baird, Director of Insurance; Tim Sturgill, General Counsel; Kris Dunn, Associate Director of Insurance; Crystal Hellard, Litigated Claims Manager; Jeremy Head, Claims Manager; Michael Ray, Safety and Loss Control Manager (via video teleconference); Phil Crumpton, Law Enforcement Liaison; Rich Ornstein, Staff Attorney; Andrea Morse, Insurance Agency Manager; Marie Skinner, Accounting Manager; Alyssa Rogers, Staff Accountant; Steve Morrison and Steve Clary, Safety and Loss Control Specialists (both via video teleconference); Jennifer Burnett, Chief Innovation Officer; Michele Barrett (via video teleconference), Sue Porter and Kathy Marshall, Public Entity Insurance/KACo Marketing Agents; Rob Brown, Local Government Insurance Agency/KACo Marketing Agent; Joe Greathouse, Commonwealth Insurance Advisors/KACo Marketing Agent; Clint Combs, HUB International/KACo Marketing Agent (via video teleconference); Shellie Hampton, Director of Government Affairs; Jennifer Burnett, Chief Innovation Officer; Greg Sisson (via video teleconference); Jeremy Russell, Ed Meredith, and Terry Banaszak, Charles Taylor TPA; Dan Smereck, Strategic Asset Alliance (via video teleconference); Danny Linton, Pinnacle Actuarial Resources (via video teleconference); David Livingston, Scott County Magistrate and Public Entity Insurance; Missi GeeAnn, Marsh, Inc. (video via teleconference); Dustin Gilchrist, DMLO CPAs (via video teleconference); Jesse Penn, Computer Support Specialist; and Sonya Chesser, Executive Assistant to CEO/Director of Administrative Services.
Chairman Gritton called the meeting to order at 1 p.m.
Chairman Gritton accepted nominations for a chair, vice-chair and secretary.
Motion made by Steve Henry, seconded by Reagan Taylor, to reelect Orbrey Gritton as chair and Stacy Tapke as vice-chair. Motion carried.
Motion made by Reagan Taylor, Stephen Harmon, to designate Sonya Chesser as secretary. Motion carried.
Motion made by Reagan Taylor, seconded by Steve Henry, to approve the minutes of the December 17, 2025, meeting as presented. Motion carried.
Ms. Skinner presented and discussed the following financial reports: balance sheet and claims expense report as of December 31, 2025; income statement and FY 2025/26 PAF budget for period July 1, 2025 through December 31, 2025; new business activity for December 1 - 31, 2025; and FY 2025/26 agent commissions by agency as of December 31, 2025.
Ms. Skinner presented and discussed a summary of the Fund's investments for November and December 2025, and the security transactions for December 2025. The Board received a complete electronic listing of the Fund's investments prior to the meeting.
Motion made by Stephen Harmon, seconded by Reagan Taylor, to acknowledge receipt of the financial reports as presented. Motion carried.
Motion made by Steve Henry, seconded by Reagan Taylor, to accept the investment report and to ratify the security changes as presented. Motion carried.
Mr. Smereck presented a quarterly investment report as of December 31, 2025, and provided a capital market outlook.
Mr. Gilchrist presented and discussed the quarterly statement for period ending December 31, 2025, as prepared by DMLO for the required Kentucky Department of Insurance filing.
Motion made by Steve Henry, seconded by Stephen Harmon, to approve the financial statement as presented. Motion carried.
Mr. Linton presented a review of the rate study as prepared by the actuary, Pinnacle Actuarial Resources, to determine rates for the 2026-2027 policy year. He recommends adopting the premium, undiscounted, as set forth on page 4 of the January 14, 2026, Pinnacle Rate Study, which is estimated to generate a projected gross premium of $81,252,562, subject to variation due to the application of appropriate credits or debits for deductibles, limits, etc.
Motion made by Stacy Tapke, seconded by Steve Henry, to adopt the premium, undiscounted, as set forth on page 4 of the January 14, 2026, Pinnacle Rate Study, which is estimated to generate a projected gross premium of $81,252,562, subject to variation due to the application of appropriate credits or debits for deductibles, limits, etc. Motion carried.
Mr. Baird, presenting the director's report, provided a map of Kentucky counties showing the territories designated for the safety and loss control areas assigned to Mr. Morrison and Mr. Clary.
The next meeting is Feb. 25, at 1 p.m.
Motion made by Steve Henry, seconded by Stephen Harmon, to go into closed session at 2:26 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 2:34 p.m. Motion carried. No action was taken in closed session.
Motion made by Reagan Taylor, seconded by Stephen Harmon, to adjourn the meeting at 2:34 p.m. Motion carried.
