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Failed School Trust Nearing Decision on Dealing with Deficit

Friday, June 21, 2013 | 0

By Michael Whiteley, Eastern Bureau ChiefDirectors of the nearly defunct Kentucky School Boards Insurance Trust and state regulators will decide sometime this fall whether to put the trust into run-off or transfer the remaining $60 million in liabilities to a private reinsurer, officials said Thursday.Jonathan Steiner, executive director of the Kentucky League of Cities, said Thursday trust directors are soliciting comments from the state's 174 school districts and will present their findings to the Kentucky Department of Insurance, which has scheduled a public hearing for Sept. 25-26 on t...

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