NU Online News Service, Dec.11, 3:00 p.m. EST

A New York Workers' Compensation Board (WCB) spokesman said WCB's $405 million civil fraud lawsuit against Bermuda-based CRM Holdings Ltd., as the administrator of six self-insured trusts, would not be affected by any action of the New York Attorney General.

On Tuesday, five days after the board sued CRM, Steven M. Cohen, Attorney General's Andrew Cuomo's counselor and chief of staff, wrote the company that his office would sue CRM as well unless the firm made a settlement offer in five days.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.