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The Kentucky Association of Counties Workers' Compensation Self-Insurance Fund held a Board of Trustees meeting at 10:30 a.m. on Monday, September 29, 2025. This meeting was held at the KACo offices located at 400 Englewood Drive in Frankfort, Kentucky 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 Greg Terry, Carlisle County Judge/Executive; Vice-Chair Dan Mosley, Harlan County Judge/Executive; Michael Logsdon, Oldham County Magistrate; David Nicholson, Jefferson County Circuit Court Clerk; and Adam O'Nan, Union 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; Paul Harnice, Board Counsel, Stoll, Keenon, Ogden, PLLC; 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.; Jesse Penn, Computer Support Specialist; and Sonya Chesser, Executive Assistant to CEO/Director of Administrative Services.
Chairman Terry called the meeting to order at 10:30 a.m.
Motion made by Adam O'Nan, seconded by David Nicholson, 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 and statement of operations as of August 31, 2025; FY 2025/26 PAF budget for period July 1, 2025 through August 31, 2025; FY 2025/26 agent commissions by agency as August 31, 2025; and premium receivable for FY 2023/24 and 2024/25.
The board agreed that Mr. Harnice will send a letter to Animal Shelter Action Society, Inc., regarding the premium receivable payments due FY 2023/24 and 2024/25.
Motion made by Dan Mosley, seconded by Adam O'Nan, to acknowledge receipt of the financial reports as presented. Motion carried.
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 David Nicholson, seconded by Michael Logsdon, to acknowledge receipt of the investment report and to ratify the investment transactions 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 Dan Mosley, seconded by David Nicholson, 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 David Nicholson, seconded by Dan Mosley, 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 Dan Mosley, seconded by Adam O'Nan, 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. He reported that the payroll audits have been completed. He also mentioned that this month, he and Mr. Juett attended two CRL meetings, one on property and the other a board meeting.
Chairman Terry said it has truly been an honor to work with Mr. Juett, who is retiring as Director of Insurance effective September 30, and that he would be missed. Mr. Juett received a round of applause for his work.
The next meeting is scheduled for Oct. 29, at 10:30 a.m.
Motion made by Adam O'Nan, seconded by David Nicholson, to go in closed session at 10:50 a.m. to discuss proposed or pending litigation involving the board as authorized by KRS 61.810(1)(c). Motion carried.
Motion made by David Nicholson, seconded by Michael Logsdon, to return to open session at 10:58 a.m. Motion carried. There was no action taken in closed session.
Motion made by Adam O'Nan, seconded by Dan Mosley, to adjourn the meeting at 10:58 a.m. Motion carried.
