Southeast News
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4,000 Businesses In Group Comp Fund Owe $51 Million In Ky. Self-Insurance Claims
Southeast News • December 10, 2004
More than 4,000 Kentucky business owners participating in a group workers' compensation fund have been left holding-the-bag and being billed for $51 million in claims racked up by AIK Comp, a ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: AIK | drudy | Dec 20, 2004, 1:26 pm |
| RE: AIK | Curious | Dec 17, 2004, 10:22 am |
| Group SIF | Gary | Dec 14, 2004, 9:57 am |
| AIK | Jimbo | Dec 13, 2004, 1:40 pm |
| Back to article | ||
Subject: Group SIF
Did the members pay cheap rates during the soft market years? Were AIK's closure rates off target? Was AIK's cost per closed claim above average? What was KY Insurance Commissioner doing to prevent this type of hole.
Bottom, either the members paid too little for their workers' comp program or they paid the correct rates and AIK did a poor job managing their cases.