DIR Turns Contractors SIG over to Security Fund

By Greg Griggs, EditorThe Department of Industrial Relations Thursday declared Contractors Assess Program, a self-insured group, to be in default and turned over its assets to the Self-Insurers' Security Fund.The troubled self-insurance group (SIG) had been operated by Compensation Risk Managers, a firm connected with the failure of several group trusts in New York state, until last spring when it was seized by the DIR. The department turned the trust's daily operations over to Bickmore Risk Services and Consulting in Sacramento as the group's conservator."I take this necessary ste...