KEMI Approves $6M Dividend, Reduces Minimum Policy Amount

Kentucky Employers' Mutual Insurance Co. announced Tuesday its board of directors has approved a $6 million dividend to current policyholders who met eligibility criteria for policy year 2009.The board also approved reducing the price for each minimum premium policy by 20% to $400 annually, KEMI said in a press release. The carrier said coupled with a decrease in minimum premium requirements approved by the board in 2010, the changes represent a 40% decrease in workers' compensation costs for small employers.KEMI said the board approved the premium reduction and dividend after a review...