CRM Contractors Group Members Face $21 Million Shortfall

By Greg Griggs, EditorAs they deal with the fallout from the closure of their self-insured group, members of Contractors Access Program of California are strategizing to determine their next step, while a representative of the group's board said state regulators are close to appointing a conservator.Contractors Access Program (CAP) provided workers' compensation coverage for more than 250 contractors from 2004 until it its administrator, Compensation Risk Managers, closed the group effective Jan. 1, 2010. The group had begun to experience financial difficulties as far back as 2007, and...