Employers Dunned $132.6 Million for 6 Shuttered CRM Trusts

Employer/members of six closed self-insured group trusts once run by Compensation Risk Managers (CRM) are facing assessments totaling $132.6 million, while the third-party administrator faces four ongoing investigations and five lawsuits over its handling of failed trusts in New York.The New York State Workers' Compensation Board (SWCB) released figures this week listing employer assessments issued to pay workers' claims left by six of the eight trusts CRM operated before its forced exit from the state's group self-insured trust market in September 2008.Seven of the trusts were tak...