CRM Holdings, the Bermuda-based parent of Majestic Insurance Co. and Compensation Risk Managers (CRM) of California, posted $6.2 million in fourth-quarter losses Wednesday and acknowledged the Bermuda-based company is still absorbing the impact of last year's fight with New York regulators.The company reported year-end losses of $1.5 million compared to net income of $20.1 million for 2007.Compensation Risk Managers (CRM) of Poughkeepsie, New York, another subsidiary, made a forced exit from the New York group self-insured trust market last Sept. 8 and surrendered control of the remainder ...
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