KY Gov Orders Self Insureds Under Insurance Office Regulation

In an effort to protect every Kentucky worker and to provide better policy oversight to group self-insured workers' compensation funds, such as the Associated Industries of Kentucky selective self-insurance fund (AIK Comp Fund), Governor Ernie Fletcher signed an executive order Tuesday directing that the Office of Insurance will now regulate such funds in the Commonwealth. "I am appalled about the poor oversight of group self-insurers and their operations in Kentucky," said Governor Fletcher. "We have new management which has done an initial assessment and recommended transferring these fun...