Media Statement: Contractors Access Program of California
May 3, 2010 ·
Download this media statement as a PDF.
The California Self-Insurers’ Security Fund (The Fund) issued the following statement today (May 3, 2010) in response to media inquiries about the state’s announcement it has appointed a conservator to manage the Contractors Access Program of California (CAPC), a self-insured group that is a member of the Fund. This statement should be attributed to Jeff Pettegrew, Executive Director of the Fund.
As is the case with issues concerning any of our private self-insured member entities, the Security Fund has been monitoring this situation closely. Through our on-going communications with the California Department of Industrial Relations and Office of Self-Insurance Plans (OSIP), we have been apprised that Bickmore Risk Services & Consulting (BRS) has been appointed as the Conservator to assume responsibility for one of our member Self-Insured Groups (SIG’s) – the Contractors Access Program of California (CAPC).
We applaud the state for its intervention and possess confidence in the ability of the new Conservator to take control of managing the financial affairs of the CAPC SIG.
BRS is highly qualified to serve as a SIG Conservator. The firm is headquartered in Sacramento with over 75 experienced risk management consultants, including credentialed safety and insurance professionals, pool managers, CPAs, attorneys, credentialed actuaries, and certified workers’ compensation specialists.
Any time a Conservator is appointed, the situation is one of significant transition and fluidity. Out of respect to this – as well as the established regulatory process – we would refer any requests for additional details or information concerning this matter to OSIP, which has direct authority in this matter.
Media Contact: Stevan Allen (916) 448-1336 or stevan@allenstrategic.com
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