Tagged in: services

CRM To Acquire Embarcadero For Estimated $45 Million

CRM Holdings, Ltd., a provider of fee-based management and other services for workers’ compensation self-insured groups in New York and California, yesterday announced it has entered into a definitive agreement to acquire privately-held, San Francisco-based workers’ compensation insurer Embarcadero Insurance Holdings, Inc., for Embarcadero’s book value on the closing date of the transaction. CRM estimates … Read More »

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Hartford Credits Generics For Pushing Down Claim Costs

In the most recent Top 25 Drugs in Workers’ Compensation annual survey, Hartford Financial Services Group reports that overall pharmaceutical costs for its workers’ compensation clients decreased last year in part due to greater availability of generic substitutes for popular and expensive name-brand drugs. This was the first year since the inception of the annual … Read More »

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A.M. Best Affirms Hartford Insurance Pool’s Superior Rating

A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings of “aa-” of the Hartford Insurance Pool and its members. Concurrently, A.M. Best has affirmed the ICR of “a-“, the senior debt ratings of “a-” and the indicative debt ratings under the shelf registration for The Hartford Financial … Read More »

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