School board comments on KSBIT litigation
by Franklin Clark, Reporter -- fclark@cadizrecord.com
Mar 05, 2014 | 103 103 recommendations | email to a friend | print
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At their meeting last Thursday night, Trigg County Board of Education members agreed with an official comment on litigation that involves the Kentucky School Boards Insurance Trust (KSBIT).

Trigg County Board of Education Attorney Howell Hopson said the board’s decision will authorize Trigg County School Superintendent Travis Hamby to submit the district’s position on the matter. Hopson detailed some of the points.

“One is to say that we shouldn’t pay $8 million to the Kentucky League of Cities and their affiliate insurance company, and that they should pay us back $1.3 million in interest that they’ve already gotten back to KSBIT,” Hopson said. “Finally … KSBIT mismanaged, and we should get their insurance money.”

KSBIT was created in 1978 to provide insurance for school districts in Kentucky for property and liability claims and worker’s compensation. More recently, a shortage of funds resulted in the Kentucky Department of Insurance loaning KSBIT $8 million. Hopson described them as being in receivership.

For the rest of this story, see this week's issue of The Cadiz Record or subscribe to our e-Edition by calling 270-522-6605.
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