The Bermuda-based parent of workers' compensation carrier Majestic Insurance Co. and group self-insurance administrators Compensation Risk Managers (CRM) and Compensation Risk Managers of California filed for bankruptcy protection in the Southern District of New York Friday.Majestic Capital announced Monday it has filed petitions under Chapter 11 of the U.S. Bankruptcy Code on behalf of itself, the two CRM entities, Poughkeepsie, N.Y.-based Eimar Managed Care Services and Embarcadero Insurance Holdings, a California-based company from which Majestic bought Majestic Insurance Co. in 2006.Ma...
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