Compensation Risk Managers (CRM), which is withdrawing from the group self-insured trust market, said Thursday the decision by 11 trusts administered by rival First Cardinal to dissolve underscores CRM's contention that the market – and not mismanagement – is to blame for the trouble with failed trusts in New York."It's just how the economy works and how business works," said CRM spokesman Chris St. Hilaire. "This was a good decision for our investors, our clients and our staff."St. Hilaire said CRM spotted regulatory problems threatening to drive trusts out of the market b...
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