CRM Holdings, Ltd. News
CRM Holdings, Ltd. Releases Statement Regarding Workers' Compensation Board and State Attorney General Inquiries
For more than eight years, the Company's subsidiary Compensation Risk Managers, LLC (CRM) has been an administrator of group self-insurance to the people of
For obvious reasons, CRM is disappointed by the Workers' Compensation Board (WCB) and State Attorney General's inquiries. However, we would like to affirm to all of our associates that Majestic Insurance and the Company's other subsidiaries are continuing to conduct business in their customary manner.
As always, the Company's responsibility to its clients remains paramount. While CRM works to address these concerns, the Company appreciates the ongoing patience of its client base and the loyalty of its shareholders, employees and broker partners.
About CRM Holdings, Ltd.
CRM Holdings, Ltd. is a provider of workers' compensation insurance products. Its main business activities include underwriting primary workers' compensation policies, underwriting workers' compensation reinsurance and excess insurance policies, and providing fee-based management and other services to self-insured entities. The Company provides primary workers' compensation insurance to employers in
CRMH-G Contact Information: Dawn Stewart CRM Holdings, Ltd. P.O. Box HM 2062 Hamilton, HMHX, Bermuda (845) 452-4100 ext. 2184 Mark Collinson CCG Investor Relations 10960 Wilshire Blvd., Ste. 2050 Los Angeles, CA 90024 (310) 231-8600 ext. 117
Forward-Looking statements
This press release contains forward-looking statements within the meaning of federal securities law, including statements concerning plans, objectives, goals, strategies, projections of future events or performance and underlying assumptions (many of which are based, in turn, upon further assumptions). These statements are based on our current expectations and projections about future events and are identified by terminology such as "may," "will," "should," "expect," "scheduled," "plan," "seek," "intend," "anticipate," "believe," "estimate," "aim," "potential," or "continue" or the negative of those terms or other comparable terminology.
All forward-looking statements involve risks and uncertainties. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. There are or may be important factors that could cause actual results to differ materially from the forward-looking statements we make in this document. Such risks and uncertainties are discussed in the company's Form 10-K for the year ended
These risks and others could cause actual results to differ materially from those expressed in any forward-looking statements made. The Company undertakes no obligation to update publicly or revise any forward-looking statements made.
SOURCE CRM Holdings, Ltd.
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