Calif. Restaurant Self-Insured Group Reaches $1B in Covered Payroll

The California Restaurant Mutual Benefit Corp. has surpassed $1 billion in covered payroll, the manager of the self-insurance group, CHSI, announced recently.CHSI said almost $14 million dividends have been declared by the group self insurer's board over the past two years, reflecting an average of 26% returned back into the pockets of members. The self-insurance group was founded in 2005 and now provides coverage to more than 2,500 restaurants with 85,000 employees, CHSI said.The group currently has in excess of $23 million of invested assets and is adding an average of $1 million each mo...