KEMI Reports Increases in Premiums and Losses

Kentucky Employers' Insurance Co. (KEMI) reported that direct written premiums increased by 7.6% between 2010 and 2011, but despite the the boost in revenue the carrier suffered underwriting losses of $32.8 million.The carrier reported underwriting losses of $15.1 million in 2010.The state-chartered insurer, which serves as Kentucky's workers' compensation carrier of last resort, said in an annual report released last week  that policyholder surplus increased by $15.9 million – from $143.7 million to $159.6 million.KEMI President and Chief Executive Officer Roger Fries s...