AIK Comp, a Kentucky group self-insurance fund that surprised its policyholders and the state with a request last month to retroactively seek between $50 and $66 million in premium to overcome a huge deficit, may cease operations according to media reports out of the state.
Many in Kentucky blame the Office of Workers' Claims for not paying attention to the fund, which competing funds say had been charging insufficient premiums for some time.
The fund has about 2,600 policyholder members, but so many have been leaving the fund due to its financial difficulties that cash flow is now sev...
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