Oklahoma Restaurant Group Self Insurance Association Board of Trustees’ Chairman Richard Hunt announced that effective June 30, 2010, the 28 year old self insurance fund will no longer provide Workers’ Compensation coverage for members of the Oklahoma Restaurant Association. Hunt cited today’s first dollar Worker’s Compensation insurance market climate as the primary reason the Board of Trustees’ decided to discontinue offering coverage.

The Board of Trustees’ ascertained that it would be a difficult future for achieving the growth needed for the fund and thusly to maintain its mission. It was determined that the present was the optimal time to discontinue the insurance offering. The current year will likely end with a record low number of open claims and more than adequate reserves in place to service the outstanding claims liabilities.

The Association has returned over $6.5 million to our members in the form of premium refunds.

As much as Oklahoma Restaurant Group Self Insurance Association regrets this decision, we are extremely proud of the 28 year history of providing Workers’ Compensation Insurance to members of the Oklahoma Restaurant Association on a solid financial basis and with outstanding claims and loss prevention/safety services.

We feel honored to have had the opportunity to help our fund members provide excellent Workers’ Compensation protection for their employees.