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SWCB Reaching Settlement with CRM Parent

Thursday, November 4, 2010 | 0

By Michael Whiteley, Eastern Bureau ChiefThe New York State Workers' Compensation Board (SWCB) said Wednesday it has reached a tentative settlement with the parent company of Compensation Risk Managers (CRM) to resolve a pending $450 million lawsuit and a parallel investigation by New York Attorney General and Gov.-Elect Andrew Cuomo.SWCB Chairman Robert Beloten and Kenneth Munnelly, SWCB's general counsel, held a conference call with stakeholders late Wednesday and said their three-year battle with the former New York group self-insured trust manager may be nearing an end.Munnelly sai...

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