The California Thoroughbred Breeders Association (CTBA) is teaming up with MOC Insurance Services/Maroevich, O’Shea, & Coghlan to form a program designed to lower workers compensation costs for CTBA member farms.

John Unick, president of MOC’s Thoroughbred racing division, previously brokered a deal in 2002 that led to a formation of an industry-owned captive insurance model known as the California Horsemen’s Safety Alliance (CHSA). The CHSA’s risk management approach greatly reduced California’s workers compensation premiums.

“Our formula for success is very straight forward. We commit ourselves to the nuances of the many different aspects of the Thoroughbred racing industry before we launch extensively researched programs,” Unick said. “We have been working closely with the CTBA for several years and we are confident we have chosen the right carrier and risk approach.”