The conservator for the first self-insured group to be placed in default by California regulators has sued the group's administrator and directors for a minimum of $34 million in compensatory damages, plus millions more in restitution and punitive damages.Attorneys for Bickmore Risk Services filed a Dec. 20 complaint against Compensation Risk Managers (CRM) alleging that it and several individual defendants grossly mismanaged the Contractors Access Program (CAP), a self-insurance group that once featured 222 member contractors. Between 2004 and 2009, CAP's member contributions started ...
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