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CALIFORNIA HEALTHCARE INSURANCE COMPANY, INC., A RISK RETENTION GROUP (CHI) HONORED WITH HAWAII CAPTIVE INSURANCE COUNCIL ANNUAL AWARD

CALIFORNIA HEALTHCARE INSURANCE COMPANY, INC., A RISK RETENTION GROUP (CHI) HONORED WITH HAWAII CAPTIVE INSURANCE COUNCIL ANNUAL AWARD

ROSEVILLE, CA – March 1, 2017 – Matthew Takamine, Chair of the Hawaii Captive Insurance Council (HCIC) presented the corporate HCIC Award of Excellence to CHI at its Board of Directors meeting last month in Hawaii. The award is presented annually to a company and to an individual in recognition of “valuable contributions made over the years to promote, develop, and maintain the captive industry in the State of Hawaii.”
In addition to the corporate award, CHI is proud to announce its long time Hawaii corporate attorney, Gerald Yoshida, received the individual HCIC Award of Excellence for his contributions to the captive industry in Hawaii.
Also at its February meeting, the Board of Directors approved a premium rebate distribution for CHI owners. Since 2007, CHI has issued 10 premium rebate distributions for a combined total of over $22 million. The premium rebates are a direct result of superior risk management initiatives designed to enhance clinical outcomes and patient care and claims management services that are proactive, strong and defense-minded.
CHI is one of more than 200 captive insurance companies domiciled in the state of Hawaii, and is the 4th longest-standing active captive insurance company licensed (domiciled) in the state. Throughout its nearly 30-year history, CHI and Optima Healthcare Insurance Services (Optima), which was founded in 2007, have been recognized for both consistent performance and innovation.
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CHI is a risk retention group founded in 1988 to provide professional liability insurance to its healthcare entity owner/insureds. Along with its subsidiary Optima, a multi-line property/casualty insurance brokerage company, CHI is known in the health care industry as one of the most influential professional liability insurance carriers in California and Nevada for its nearly 30 years of making a positive difference in health care by helping hospitals, health care systems and medical groups protect their assets in the changing reimbursement market.