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KEMI Sends out $27 Million in Dividend Checks

Monday, August 23, 2010 | 0

Kentucky Employers' Mutual Insurance Co. (KEMI) has sent out nearly $27 million in dividend checks to more than 35,000 policyholders and is in the process of tracking down employers due another $2 million, officials of the state-chartered workers' compensation carrier said Friday.Beginning Aug. 13, KEMI began implementing a dividend program agreed to by its board of directors following a call by a key state senator and Gov. Steve Beshear last spring for the carrier to draw down some of its $147 million surplus to help stimulate the economy.Beshear called for the carrier to cut rates or...

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