To Our Policyholders:
What an honor to serve Lawyers Mutual of Kentucky’s (“LMICK”) insureds and the lawyers of the Commonwealth of Kentucky for another year. This sentiment is echoed, I know, by the entire LMICK Staff and Board. As a mutual insurance company, LMICK is your company and we are proud to work with you and for you. In anticipation of the upcoming Annual Meeting (more details below), we wanted to take this opportunity to update you on the state of the company and to reflect a bit on 2021.
We Are a Community of Kentucky Lawyers.
Importantly, 2021 marked LMICK’s 15th consecutive profitable year. This accomplishment was made possible, in large measure, by your continued loyalty and support. Thank you. As I say in a note that I write to all those new or returning to LMICK: we appreciate having you as an insured. The financial stability that the Company enjoys allows us to serve the needs of our insureds, specifically, and Kentucky lawyers more broadly. We ended 2021 with a renewal rate of 96% for firms and 97% for attorneys. One hundred and twenty-six (126) new attorneys became LMICK insured in 2021. We would be proud of these numbers in normal times, but to hit these benchmarks in a year in which we continued to fight through a pandemic was remarkable. Together, as a community of Kentucky lawyers, we’ve persevered, and I dare say thrived.