A nonprofit publication of the Kentucky Center for Public Service Journalism

Dept. of Insurance to return $1m each to member schools, KLCIS related to failure of company

The Franklin Circuit Court has approved an agreed judgment to return funds from the defunct Kentucky School Board Insurance Trust (KSBIT) to nearly 200 Kentucky schools, colleges and education groups and to the Kentucky League of Cities Insurance Services Association (KLCIS).  Under the terms of the settlement negotiated by Department of Insurance Commissioner Brian Maynard, who serves as court-appointed...