By Michael Whiteley, Eastern Bureau ChiefThe governing board of the Kentucky School Boards Insurance Trust has asked state Insurance Commissioner Sharon P. Clark to approve a plan that would transfer more than $45 million in workers' compensation and property-liability debts to a private reinsurer through a novation proposal approved by the board on June 24.Doug Goforth, chief insurance officer for the Kentucky League of Cities, which manages the trust, said in a letter to trust members June 26 that the plan would transfer all remaining claims and risk from the failed trust to a "highly ra...
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