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KEMI Releases More Details on $30.8M Dividend

By Jim Sams (Senior Editor)

Tuesday, May 4, 2010 | 0

Kentucky Employers' Mutual Insurance on Monday posted details on the $30.8 million dividend it promised to deliver policyholders after state lawmakers threatened legislation to force the state-chartered carrier to refund some money to its customers. The KEMI board of directors approved the carrier's first-ever dividend to 66,000 employers, the carrier said.“KEMI was created to be a competitive force and bring stability to the workers’ compensation market,” said David Snowden, chairman of the board.  “KEMI is fulfilling its role in the marketplace, and ...

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