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Board of Ed deals with insurance pool collapse

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Facing assessment to help pay off debt

By Geoff Hamill

A non-profit insurance pool for Kentucky schools has collapsed, leaving school districts around the state - including Washington County – to deal with the aftermath. The Kentucky School Board Insurance Trust (KSBIT) was created in 1978 to provide insurance to school districts through self-insured pools providing workers compensation, property and liability coverage. In January, KSBIT officials announced the dissolution of the trust and reported that the trust had accumulated a deficit of 50 to 60 million dollars.


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