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Self Insured Solutions' Workers' Comp Groups Offer College Scholarships.

Dependents of Member Companies and Their Employees to Benefit from $50,000 Scholarship Program

ONTARIO, Calif. -- California Contractors Network ( and California Farm Management ( self-insured groups have announced their 2008 scholarship programs, according to Tom Wheeler, President of Self Insured Solutions (SIS) (, which manages five remarkably successful self insured groups in the highly competitive California workers' comp marketplace.

SIS specializes in providing cost-effective workers' comp insurance for high-risk industries such as construction and agriculture. Self insured workers' compensation groups are owned by the employers in the groups, and both California Contractors Network and California Farm Management - two of SIS's five groups - have each provided a substantial pool of scholarship funds for qualified dependents of member companies and their employees. This year, the scholarship fund is $50,000.

"Each of our managed groups achieved significant growth during the most recent fiscal year," Wheeler explained, "and this has created for us a confidence in our sustained growth and profitability that has allowed us to come up with a program in which California Contractors Network (CCN) and California Farm Management (CFM) will offer this scholarship program to our member companies. Through this program, we intend to invest in the educational future of our members' children and grandchildren, and plan to continue our Self Insured Solutions Scholarship Program on an annual basis."

Four CCN Scholarships in the amount of $5,000 and five CCN Scholarships in the amount of $1,000 each will be awarded to qualified recipients, while CFM will award ten $2,500 scholarships. Both SIGs will award scholarships from applications postmarked on or before July 30, 2008.

"These scholarships will be awarded by August 20, 2008," Wheeler said. "Late fees collected from group members fund these scholarships - no member assets will be used - and these scholarships will be open to all member companies and their employees, including both the children and grandchildren of those employees. Potential recipients must have graduated from high school or received a GED; they must write a two-page essay and have several letters of recommendation from business or community leaders."

The institution of these scholarships comes on the fifth anniversary of the creation of Self Insured Solutions, and after a remarkably successful year for the groups managed by SIS.

"Representing the industry's growing confidence in self insured alternatives to conventional workers' comp coverage," Wheeler explained, "we have grown to 325 members during the fiscal year just ended, up from 228 the year before - a growth of 97 member companies, 70 percent member companies more than we had a year ago. Even more important to our members - and reflecting the primary reason for our dramatic growth, we have experienced an average loss ratio of just 19.3 percent - well below the national average, which ranges from 60 to 75 percent, depending on the risk level of the industry.

"Our commitment to on-the-job safety," Wheeler said, "has resulted in reduced claims and lower contributions from the members, even though the SIS groups are providing nearly one-third more workers' comp coverage than they did the year before."

For more detailed information regarding the Scholarship Program and a copy of the Scholarship Application, eligible participants should go to or and click on the icon for Scholarship Application or contact Karen VanNostrand at 800-592-0047 or email at

About Self Insured Solutions

With offices in Ontario, Self Insured Solutions ( is one of California's most successful developers and administrators of private self-insured workers' compensation groups (SIGs).

Self Insured Solutions offers hands-on safety services to members of California Agricultural Network (, California Agricultural Products (, California Farm Management ( and California Livestock Producers (, as well as California Contractors Network, a self insured group serving the building and construction industry (

Each of these self insured workers' comp groups is managed by Self Insured Solutions, and - with the exception of CCNSIG, which serves the construction industry - each exclusively serves one segment of California's multi-billion dollar agricultural industry.

For more information on about California-based Self Insured Solutions - or to interview Tom Wheeler, please contact Ned Barnett - 702-696-1200 or
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Publication:Business Wire
Date:May 28, 2008
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