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KSBIT Members Facing Assessment for $60M Deficit

Past and present Kentucky School Board Insurance Trust members need to pay an assessment to fix a $60-million deficit in its worker’s compensation and property and liability pools. KSBIT protects...

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KSBIT To Disband By The End of Summer

The financially troubled Kentucky School Boards Insurance Trust, or KSBIT will disband this summer, meaning school districts will have to find new providers for workers compensation, property and...

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Insurance Penalties Loom for Kentucky School Districts

Area schools are being hit with hundreds of thousands of dollars in penalties, in the wake of the dissolution of the Kentucky School Boards Insurance Trust, or KSBIT.The penalty payments are intended...

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KSBIT Bills Hit School Districts for Hundreds of Thousands

Kentucky School districts are starting to receive bills for the failed Kentucky School Boards Insurance Trust, or KSBIT. The insurance trust shut down June 30, 2013, with a $60 million deficit in its...

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