Spurred by new member growth in September, the California Restaurant Mutual Benefit Corporation (CRMBC) has eclipsed the $1.3 billion covered payroll mark. California’s largest self-insured group (SIG) says it now has a total of 3,100 member locations.
For the first time since CRMBC’s inception in 2005, California country clubs are included in the new member total, according to a press release. The inclusion of the country clubs was allowed by the adoption of new regulations for SIGs in 2009. The new regulations allowed California groups to file underwriting plans to include new businesses whose risk exposures were similar to those of the existing group.
After a CRMBC proposal to accept qualified country clubs was approved in May, several clubs requested membership. Forty country clubs have now joined CRMBC, including Bermuda Dunes (home of the Bob Hope Golf Classic), Indian Ridge, Mayacama, Old Ranch Country Club, Rancho LaQuinta/Andalusia, Shady Canyon and The Lakes.
Since its launch on January 1, 2005, CRMBC’s membership has grown tenfold and members have experienced a rate reduction of over 60 percent, the release said.
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