CRM Calls WCB Audit 'Fruitless Goose Chase'

CRM Holdings – the Bermuda-based parent of group-trust self-insurance manager Compensation Risk Managers – struck back Wednesday in response to a forensic audit commissioned by the New York State Workers' Compensation Board (SWCB) that cited potential conflicts of interest and false financial reports on the condition of a dissolved health care trust that once had nearly 500 employer members.At the request of WorkCompCentral, CRM issued a written response to story published Monday detailing the findings of forensic audit released by financial accounting firm Bollam, Sheedy, Tora...