[tidy error]
The Kentucky Association of Counties Workers' Compensation Self-Insurance Fund held a Board of Trustees meeting at 10:30 a.m. on Wednesday, May 28, 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; Adam O'Nan, Union County Judge/Executive; and David Nicholson, Jefferson County Circuit Court Clerk.
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; Kris Dunn, Assistant Director of Insurance; Rich Ornstein, Staff Attorney; Michael Ray, Safety & Loss Control Manager; Jeremy Head, Claims Manager; Crystal Hellard, Litigated Claims Manager; Marie Skinner, Accounting Manager; Andrea Morse, Insurance Agency Manager; Steve Clary and Dwayne Litton, Safety and Loss Control Specialists (both via video teleconference); Alyssa Rogers, Staff Accountant; Phil Crumpton, Law Enforcement Liaison; Shellie Hampton, Director of Government Affairs; Jennifer Burnett, Director of Strategic Operations; Sydney Blodgett, Member Engagement Manager; Sue Porter, Michelle Barrett and Kathy Marshall, Public Entity Insurance/KACo Marketing Agents; Joe Greathouse, Commonwealth Insurance Agency/KACo Marketing Agent; Rob Brown, Local Government Insurance Agency/KACo Marketing Agent; Clint Combs, HUB International/KACo Marketing Agent; Ed Meredith and Jeremy Russell, Charles Taylor TPA, LLC; Kristie Whistle, 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 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 and statement of operations as of April 30, 2025; FY 2024/25 PAF budget as of April 30, 2025; FY 2024/25 agent commissions by agency as April 30, 2025; and FY 2024/25 premium receivable report as of May 20, 2025.
Motion made by David Nicholson, seconded by Michael Logsdon, to acknowledge receipt of the financial reports as presented. Motion carried.
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 Adam O'Nan, seconded by Dan Mosley, to acknowledge receipt of the investment report and to ratify the investment transactions 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 KACo All Lines 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 10:30 a.m.
Motion made by David Nicholson, seconded by Dan Mosley, to go in closed session at 11:09 a.m. to discuss proposed or pending litigation involving the board as authorized by KRS 61.810(1)(c). Motion carried.
Motion made by Adam O'Nan, seconded by Michael Logsdon, to return to open session at 11:15 a.m. Motion carried. There was no action taken in closed session.
Motion made by Dan Mosley, seconded by Adam O'Nan, to adjourn the meeting at 11:15 a.m. Motion carried.
