By Michael Whiteley, Eastern Bureau Chiefmike@workcompcentral.comThe board of directors of Kentucky Employers' Mutual Insurance Co. (KEMI) voted late Thursday night to issue a $30.8 million dividend – the first in its history – following a state Senate vote to mandate a dividend of about twice that much.The board, whose members are appointed by the governor, voted 8-1 to issue a 20% dividend to more than 73,000 of its policyholders and past policyholders.KEMI holds an estimated surplus of $154 million, in addition to the $357 million it has reserved to pay past and future claim...
Comments