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The Owen County Fiscal Court has received a check for $4,888 from the Kentucky Association of Counties.
The check represents a dividend payment to the county from the KACo Workers Compensation Fund, which provides workers compensation insurance coverage to county governments and other political subdivisions across Kentucky. KACo insures 113 of Kentucky’s 120 counties through the Workers Compensation Fund.
In 2010, Owen County also received a dividend payment of $11,183 from the KACo All Lines Fund which provides property and liability insurance.
Since 2010, as a member of the KACo insurance programs, the Owen County Fiscal Court has received $16,071 in dividend payments.
“I am extremely pleased with the recent financial results of KACo’s insurance programs,” Owen County Judge-executive Carolyn Keith said.
“The dividend is possible because county governments in Kentucky are working together through KACo to effectively manage their insurance programs,” Mark Miller, director of insurance for KACo, said. “By working together fiscal courts are able to lower premium payments and save taxpayers money.”