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Kentucky Employers' Mutual Insurance (KEMI) is a workers' compensation insurance company in Lexington, Kentucky. KEMI was created in 1995 and is the largest provider of workers' compensation insurance in Kentucky. [citation needed] KEMI is a mutual insurance company owned by its policyholders. KEMI is financed entirely by premium dollars and ...
In almost all States, having employees without either being authorized to self-insure or carrying workers' compensation insurance is a serious crime, punishable by fines and imprisonment. Insurance policies are available to employers through commercial insurance companies: if the employer is deemed an excessive risk to insure at market rates ...
Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The trade-off between assured, limited coverage and lack of ...
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In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
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