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CRM Says Group-Trust Troubles Nearing an End, but Probe Continues

Thursday, August 7, 2008 | 0

The parent of New York group self-insured trust administrator Compensation Risk Managers said Wednesday the company has weathered most of the problems that have led to the closing or state takeover of eight financially-troubled trusts since 2006 and is poised to take advantage of regulatory reforms triggered by trust failures."I am pleased to tell you that we are through most of those transitional issues as we exit the New York trust market," Daniel H. Hickey Jr., chairman and CEO of CRM Holdings, said during a conference call with investors and analysts, held in conjunction with release of it...

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