September 5, 2009 = CRM execs gained millions in stock sales by Mary Beth Pfeiffer - Poughkeepsie Journal
The officers and directors of a Poughkeepsie company that has saddled thousands of employers with an estimated $250 million in unfunded insurance claims reaped $42 million off the sale of company stock in 2005 and 2007, according to filings with the federal goverment.
October 19, 2008 - Data reveal how some CRM trusts fell by Mary Beth Pfeiffer - Poughkeepsie Journal
At the start of 2006, Compensation Risk Managers LLC of Poughkeepsie was a scrappy, high-flying young company that had just gone public on the NASDAQ and was earning millions of dollars in a promising corner of the market for workers’ compensation insurance.
By the end of 2006, six of the eight insurance funds CRM managed in New York were drowning in a sea of red ink as deficits skyrocketed toward insolvency; a seventh would soon follow.
