CRM Files Preemptive Strike in Ongoing Comp Board Fight

CRM Holdings has asked the New York Supreme Court to issue a preemptive decision declaring that its New York group self-insured trust management subsidiary did not mishandle the eight trusts it ran before surrendering its license to the State Workers' Compensation Board (SWCB) last month.CRM Holdings said it was filing the action on behalf of its subsidiary, Consolidated Risk Managers (CRM), which exited the group self-insured trust market in New York last month as part of a settlement with SWCB Chairman Zachary Weiss.CRM said in a filing with the U.S. Securities and Exchange Commission (S...