Regulators Query Majestic in Ongoing CRM Probe

The New York State Insurance Department will ask California-based Majestic Insurance Co. to turn over data on losses and claims-handling as part of an ongoing investigation by other state agencies into the management of group self-insured trusts by a sister subsidiary, Compensation Risk Managers.Insurance Department spokesman Andy Mais said Friday the agency is drafting a letter to the San Francisco-based carrier to request information in conjunction with last weeks' decision by the New York State Workers' Compensation Board (SWCB) to file charges seeking to revoke the third-party...