J&S Liability
In the July 19 edition, I wrote a column about the financial woes of AIK Comp, a self-insured workers compensation group that had just announced plans to assess current and past members for financial shortfalls caused by net underwriting losses.
The basis for the assessments was the fact that employers who participated in the arrangement had to be members of AIK (Associated Industries of Kentucky) and must have agreed to be held jointly and severally liable to pay the pooled liabilities of the group.
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