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AcevesJoseJUan
03/01/2011
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WORKERS' COMPENSATION APPEALS BOARD STATE OF CALIFORNIA
JUAN JOSE ACEVES
6
Case No.
ADJ2445262 SAC 0345875
6 7
Applicant
vs. 8 SUSAN CROOK; MICHAEL CROOK; CRM 11CCONSTRUCTION; UNINSURED EMPLOYERS BENEFITS TRUST FUND; 11 SUNBURST PROPERTY MANAGEMENT; STATE
Category: Panel
CRM Earnings Soar Despite Weakness in Group Trusts
11/08/2007
As the broad market tumbled Wednesday shares of CRM Holdings Ltd. soared 1.40 or 20.6 to close at 8.20 on its release of a strong quarterly earnings report.
The workers' compensation insurance services company that operates primarily in California and New York said its revenues
Category: News
Collateral Relief Program in Works for SIGs
11/08/2013
.
Pettegrew said many of the contractors who were brought into its California program were sold a bill of goods by an administrator who was more interested in making money than running a successful self-insured group program.
The fact that the sting of the CRM failure is starting to wane was welcome news
Category: News
Conservation Office Puts 'Shell' of Majestic Up for Sale
07/20/2012
For sale One insolvent California workers' compensation carrier with no physical assets a slightly tarnished brand name but certificates of authority to sell policies in 17 states and 3.87 million in statutory deposits.
The California Department of Insurance's Conservation & Liquidation Office
Category: News
Self-Insured Groups Dispute State Ratings
11/22/2010
stability.
Dave Johnson president of California Alliance of Self-Insured Groups agrees the state's list is no indication that SIGs in California are headed for a similar fate as New York where eight self-insured groups run by Compensation Risk Managers CRM were closed for mismanagement.
In
Category: News
N.Y. Trust Overhaul Mostly Draws Praise
06/26/2008
advisory panel of trust administrations and trust members to map out the plan for the regulatory overhaul due next February.
But she said a provision aimed at trust manager Compensation Risk Managers CRM which agreed to surrender its license in September will affect other members of her association
Category: News
Old Republic Purchase of PMA Part of Growing Acquisition Trend
09/23/2010
year.
Bayside Capital Partners an international investment house also announced Tuesday that it is purchasing Majestic Capital formerly known as CRM Holdings for 7.8 million. The company announced that the price of 45 cents per share is a premium of 105 over Majestic's closing price on Tuesday
Category: News
Board Pushes Tab for Failed Trusts to More than $924 Million
07/19/2011
have shown this looks very bad."
Camp said GSIANY representatives are hoping for a meeting with Cuomo's staff. As attorney general Cuomo investigated former trust manager Compensation Risk Managers CRM. He has not announced whether he would support the bills if lawmakers reconvene the 2011 session
Category: News
Liabilities from Failed Trusts Climb to $966.8 Million
01/17/2012
accountant and actuary.
CRM Compensation Risk Managers of California their parent Majestic Capital and two other related entities filed for Chapter 11 protection in U.S. Bankruptcy Court on April 29 2011.
The board also said in the report it has filed suit against Hamilton Wharton Group seeking 33
Category: News
Regulators Order PEO Insurer into Liquidation
12/27/2011
Majestic Insurance Co. through a conservation order alleging a 46 million deficiency in reserves. Majestic's parent company Bermuda-domiciled Majestic Capital formerly CRM Holdings filed for bankruptcy a month later.
California regulators did not have to liquidate Majestic. Instead the Insurance
Category: News
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