CRM Shuts Self-Insured Group for Contractors

By Greg Griggs, EditorCompensation Risk Managers has closed another of the self-insured groups it managed in California, as state regulators mull whether to take further action to protect member companies.The Contractors Access Program of California, operated by CRM, first notified the California Office of Self-Insured Plans early last year of financial difficulties it faced, officials said.  "In February, the group did advise us that its liquidity problems were significant," said Erika Monterroza, a spokeswoman for the Department of Industrial Relations, which includes the Office of Self...