RANCHO CUCAMONGA, Calif. (5/15/09)--C-U First Ltd., a credit union workers' compensation program, is providing a safe haven of sorts as workers' compensation rates climb in California. The program starts its sixth underwriting year after returning an additional $1 million to its policyholders in 2008. For the first two policy terms, the program returned 33% of premium to date. In addition to policyholder returns, program members also experienced a 64% decrease in the premium rate since the program's inception in 2004. The C-U First Insurance Program chooses the loss control specialist and third-party claims administrator, allowing members to manage and control their workers' compensation losses. Artex Risk Solutions administers the captive and domicile management. Gallagher Bassett provides claims management and loss control services. Claims and loss control services are critical, and the program's average loss ratio is 19.5%, according to the California Credit Union League. "Discover Re, a Travelers Company, provides the insurance policies and the excess re-insurance portion of the program," said Sylvia Fath, league senior vice president of business services. Fath noted Travelers is highly rated by several national rating organizations including A.M. Best Co. "At this critical time, with the viability of insurance companies in question, it's beneficial for C-U First to be associated with such a highly rated organization," Fath said.