CRM Cutting 34 Positions from N.Y. Group Self Insurance Subsidiary

CRM Holdings Ltd. on Wednesday announced that it is cutting 34 positions as part of a series of cost-cutting and "realignment measures" affecting its group self insurance subsidiary, Compensation Risk Managers. CRM said in response to market and business conditions that have reduced the volume of business in group self-insured trusts in the New York state market, CRM is realigning Compensation Risk Managers to "ensure the organization is focused on its customers, is right-sized in view of these changing market conditions and is better positioned for strong future growth."As previously reported...