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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

Half of Top 10 Employer Fraud Cases in 2011 from Golden State

01/23/2012
fraud for 2011 but California employers dominated the list accounting for half of the cited cases. The list was published by the Workers' injury Law and Advocacy Group and redistributed by the California Applicants' Attorneys Association on Jan. 17. CAAA President Brad Chalk said a lot of attention

Category: News

Insurance Department Takes Over Majestic

04/22/2011
eight of its trusts. At the time Majestic Capital was known as CRM Holdings. Subsidiary Compensation Risk Managers based in Poughkeepsie N.Y. was administering the trusts. In California Bickmore Risk Services filed a lawsuit against Majestic alleging it grossly mismanaged the Contractors Access

Category: News

Insurers Want Financial Disclosure from SIGs in New Regulations

04/23/2008
; Jeff Pettigrew executive director of the California Self Insurance Association; Sam Sorich president of the Association of California Insurance Companies; and Chet Walczyk administrator of Compensation Risk Managers or CRM. The biggest change was the insurance companies would like us to make

Category: News

Preferred Auto Dealers Self Insurance Program v. Anderson Enterprises Part 1/2

12/18/2020
Filed 3218 Preferred Auto Dealers Self Insurance Program v. Anderson Enterprises CA14 NOT TO BE PUBLISHED IN OFFICIAL REPORTS California Rules of Court rule 8.1115a prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published except as

Category: Cases

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