Collateral Relief Program in Works for SIGs

By Greg Jones, Western Bureau ChiefThe California Self-Insurers’ Security Fund is exploring the possibility of creating an alternative model for self-insured groups to post their security deposits that would free up more cash for administrators to pay claims and operational expenses.Jeff Pettegrew, executive director of the security fund, said the board of trustees in October voted to start looking at a “collateral relief program” that would be similar to the Alternative Security Program for individual self-insured employers.Pettegrew said on Wednesday during the California A...