CRM Signs Five-Year Self-Insured Group Management Deal in Calif.

While state regulators forced CRM Holdings out of the group self-insurance market in New York, the company is continuing to compete in California.CRM announced on Wednesday that its wholly-owned subsidiary, Compensation Risk Managers of California (CRM CA), has won a contract to continue managing the Contractors Access Program of California self-insured group for an additional five years.In the meantime, the New York State Workers' Compensation Insurance Board has ordered another CRM Holdings subsidiary to turn over control of self-insured group trusts to state regulators by Sept. 8, on wh...