CRM Holdings reported a jump in net income of 72% for the first quarter of 2008, despite a string of failures of group self-insured trusts that helped trigger a $5.7 million drop in fee-based service revenues compared to the same period last year.CRM Holdings, based in Hamilton, Bermuda, released its quarterly financials in conjunction with a conference call last week and reported an overall increase in net income to $5 million from $2.9 million for the first quarter of 2007.Total revenue increased from $34.7 million to $37.7 million between the two periods. The company owns California-based M...
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