CRM Most Fined in N.Y., Poughkeepsie Newspaper Reports

Compensation Risk Managers (CRM) drew more fines from the New York State Workers' Compensation Board (SWCB)  in three years than all of New York's other group self-insured trust managers combined, the Poughkeepsie Journal reported Sunday.CRM, a subsidiary of Bermuda-based CRM Holdings, has been at the center of the regulatory storm over the default of 12 group self-insured trusts in New York since 2006. The failures triggered passage of a bailout packaged by New York lawmakers during the 2008 session and an ongoing review of the state's financial security system for group trus...