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Majestic Enters N.Y. Comp Market

10/12/2007
Majestic Insurance Co. has begun writing primary workers' compensation business in New York state the company's parent said Thursday. Majestic's license became active Oct. 1 according CRM Holdings. Majestic already has written more than 11 million in direct premiums in New York CRM Chief

Category: News

Underfunded N.Y. Group Trust May Shut Down

09/18/2007
CRM Holdings announced Monday that the board of trustees of the Healthcare Industry Trust of New York HITNY decided to ask its members to disband the self-insurance group which has been as "underfunded" by state regulators. The New York Workers' Compensation Board has identified six of the

Category: News

Group Trusts May Rebound Despite Dismal Report

08/27/2007
. Administrators such as CRM Holdings Ltd. are counting on that help. CRM which is publicly traded and operates primarily in New York and California administers seven trusts in New York six of which were recently listed as underfunded. Three of them were added to the underfunded list since June. In

Category: News

Self-Insurance Trust Imposes 5% Annual Assessment

07/06/2007
continued support and participation in WRWCTNY" said the letter which was signed by Ronald Phillips chairman of the trust and Chester J. Walczynk chief operating officer of Compensation Risk Managers LLC which administers the trust. The LLC is a unit of CRM Holdings Ltd. a public company

Category: News

N.Y. Closes Group Trust Run by CRM Holdings

07/03/2007
are active members of the trust and most of those are expected to self-insure in the future said Mary Beth Woods the board's director of licensing. She declined to name the members. The trust which is administered by CRM Holdings Ltd. was classified as "underfunded" in the board's June 1

Category: News

N.Y. Licenses Majestic Insurance to Write Comp

01/02/2007
Majestic Insurance Co. recently received a license to write workers' compensation policies in New York state the carrier's parent announced. CRM Holdings recently bought Majestic Insurance Co. which is now licensed in 16 states. New York granted licensing approval on Dec. 18 CRM Holdings

Category: News

CRM Settles Group Trust Lawsuit

04/10/2006
CRM Holdings Ltd. a Bermuda-based manager of workers' compensation self-insurance trusts in New York and California announced this week that three legal actions brought by a group of members and former members of a CRM trust have been settled for an undisclosed sum. The suits were filed by

Category: News

CRM's Public Offering Off to a Slow Start

12/23/2005
Shares of CRM Holdings Ltd. a manager of workers' compensation self-insurance trusts in New York and California closed at 13.05 Thursday just pennies ahead of the 13 price of its initial public offering Wednesday. The company which is based in Hamilton Bermuda operates eight self

Category: News

CRM Pays $3.2M in Dividends to Self-Insurers

08/01/2005
programs offered by CRM to help control the costs of workers' compensation. CRM has retained more than 95 percent of its members of the eight trusts it administers in New York state during the past six years. ECTNY which produced dividends of 2.5 million serves New York contractors and their

Category: News

NY 8th Annual CEO/Agency Conference Held

10/13/2003
included Angelo J. Baio director of the Special Investigative Unit Lancer Insurance Co.; Greg Massey CPCU CIC CRM vice president--Northeast region manager Selective Insurance Group Inc.; Cecilia E. Norat director of state relations American International Group Inc.; F. John Riddell senior vice

Category: News

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