CRM Holdings disappointed issues NY Attny GENL, Worker’s Comp. Board
CRM Holdings Ltd said Friday it is “disappointed” by recent surveys of Worker’s Compensation Board and New York State Attorney General’s Office as part of CRM is the management rights of third parties, administrative services to self-help provided to workers’ compensation groups in New York.
On Thursday, Bermuda-based insurers said the director of compensation risk LLC, one of its subsidiaries to one hundred per cent recorded in reference to New York Workers’ Compensation Board (WCB), to follow an administrative action, to withdraw CRM - Third Licensing administrator.
The company has also received a summons by the state Attorney General’s office requesting documents in connection with the CRM is the management of the Health Care Industry Trust of New York.
In its statement Friday, the company claims that insurance Majestic and its other subsidiaries, companies are still in their usual manner.
CRM action for $ 3.32 on Thursday, having lost more than 32% of their value by the trading day.
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