AIK COMP REHABILITATION TO RESUME

May 9, 2005

Franklin Circuit Court Judge William Graham has signed an order enabling AIK COMP rehabilitator Martin J. Koetters to continue efforts to collect 20 percent of the total due from each member who has not previously paid with assessments under $500 collected in full.

AIK COMP attorneys said, “The trust-ees have a fiduciary duty to protect the injured workers and the assessments are critical to do that. Unfortunately, some members have crippled the rehabilitation by preventing rehabilitator’s enforcement and collection of member assessments for more than nine months.

“These members have caused or contributed to enormous and irreparable damage to the rehabilitation of AIK COMP, which has stopped writing new business, cancelled existing policies and lost its entire market share. By fighting these assessments, certain members have not lived up to their responsibility to injured workers. Instead these members have compromised the rehabilitator’s power to assess and hurt members who already paid their assessments.”

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Insurance Journal Magazine May 9, 2005
May 9, 2005
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