SWCB Sues CRM As Cuomo Threatens Action Over Group Trusts

By Michael Whiteley, Eastern Bureau Chiefmike@workcompcentral.comThe New York State Workers' Compensation Board (SWCB) sued CRM Holdings Wednesday over its handling of a string of failed group self-insured trusts, while state Attorney General Andrew Cuomo warned a related fraud suit by his office is probably five days away.SWCB filed suit in New York Supreme Court in Albany seeking $405 million dollars plus interest and damages to recover losses incurred by eight self-insured trusts involved in a two-year investigation of CRM Holdings subsidiary Compensation Risk Managers (CRM).CRM surrend...