Author Archives: Lucas Kidwell

The dividend follows an $8.2 million dividend paid in August 2021

Kentucky Employers’ Mutual Insurance (KEMI), Kentucky’s leading workers’ compensation insurance provider, is issuing a dividend of $8.3 million to eligible policyholders. The dividend is a result of proactive management of claims by KEMI and its policyholders.

“KEMI is one of the few insurance companies in Kentucky that pays dividends to clients,” said Jon Stewart, president and chief executive officer of KEMI. “Our steadfast commitment to responsible financial management is critical for positioning KEMI to give back to our policyholders.”

More than 14,000 policyholders will receive a 10% dividend payment from KEMI. To qualify, policyholders must:

• Have a current active policy with KEMI.
• Have had an active policy for all 12 months of 2019.
• Have had a loss ratio of less than or equal to 65% for the 2019 policy year.

Dividend checks will be distributed throughout the month of August.

Between 2010 and 2021, KEMI issued six dividend payments to policyholders totaling $61 million. Since 2011, KEMI has also systematically lowered noncoal rates by more than 40% resulting in substantial savings for policyholders. Stewart explained, “As a mutual insurance company, we continuously innovate so that we can identify ways to keep rates competitive.”

Media Contact:
Ryan Worthen
KEMI Communications
rworthen@kemi.com
859-425-7800

Jon Stewart, President & CEO of Kentucky Employers’ Mutual Insurance (KEMI), has been elected to the Board of Directors of the Workers’ Compensation Research Institute (WCRI) in Cambridge, Massachusetts.

WCRI is a national research organization that focuses on improving workers’ compensation systems by providing the public with objective, credible, high-quality research regarding public policy issues related to workers’ compensation. Board members are elected for staggered three-year terms and are responsible for all policymaking activities.

Stewart said that he is “looking forward to serving alongside other industry leaders to help make workers’ compensation systems more efficient and equitable for the benefit of workers and employers.”

Media Contact:
Ryan Worthen
KEMI Communications
rworthen@kemi.com
859-425-7800

Posted June 29, 2022

In an industry that has historically employed more males than females, KEMI has been a leader in challenging the status quo. Since KEMI’s formation in 1995, the majority of KEMI’s workforce has been women, and the organizational chart reflects this still holds true nearly three decades later.

“Of 214 career positions, 136 are held by women for a total of 64%,” stated Jon Stewart, President & CEO, KEMI. “If you add together all the years of service of women currently employed by KEMI, the sum is an astonishing number of 1,380 years. That represents an invaluable wealth of knowledge.”

KEMI remains committed to ensuring equitable pay practices, professional development, and career opportunities. “I believe our intentional culture of diversity, equity, and inclusion is a major factor that keeps KEMI on the forefront of the workers’ compensation industry in Kentucky,” observed Jon. “As Women’s History Month draws to a close, let’s all celebrate the contributions of our predominantly female workforce and express our appreciation for the vital roles that are key to KEMI’s continued success.”

Media Contact:
Ryan Worthen
KEMI Communications
rworthen@kemi.com
859-425-7800

Posted March 31, 2022

Kentucky Employers’ Mutual Insurance (KEMI) scored in the top quartile of large and midsize employers who participated in Gallagher’s 2021 Benefits Strategy & Benchmarking Survey. KEMI was recognized as an organization that provides innovative solutions for creating organizational structures, workplace policies, and total rewards, which inclusively engage and motivate its employees.

“We compete with nearly 4000 organizations throughout the country that Gallagher surveys, and we were in the top 11%,” said Katy Grachek, Senior Director of Human Resources, KEMI. Katy continued, “I’m very proud of this accomplishment. It demonstrates to employees, applicants, and customers how we’re committed to a holistic wellness approach.”

Gallagher’s Best-in-Class awards recognize employers that excel in supporting their employees’ physical, emotional, career, and financial well-being for better organizational outcomes.

KEMI takes a proactive and structured approach to planning, developing, and implementing comprehensive benefits and HR programs. We believe supporting our workforce builds our overall organizational strength and resilience. 

Hear directly from KEMI employees about the supportive work environment and explore career opportunities today!

Media Contact:
Ryan Worthen
KEMI Communications
rworthen@kemi.com
859-425-7800

Posted March 14, 2022