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The Anderson County school district is expected to foot a $183,479 bill to cover a portion of a debt-ridden insurance trust’s $60 million deficit.
It’s been at least 10 years since the district last worked with Kentucky School Boards Insurance Trust or KSBIT to provide accident insurance and compensation for sick and injured employees, among other services.
But Anderson County, along with about 174 school districts as well as public and private Kentucky universities, are now finding they need to pay back fees to cover KSBIT’s losses.
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