Crawford & Co. Adds Cormican to Team

February 9, 2005

  • February 10, 2005 at 8:27 am
    John Parker says:
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    Is this fellow in, for to concentrated effort in the mess that Crawford & Company has in Crawford’s Chile operation, and afterwards clear out every single messy situation regarding Sarbanes Oxley Act violations, through out the Crawford & Company international operation that is currently under investigation by the NYAG Mr. Eliot Spitzer and the US. Security and Exchange Commission (US. SEC) ?.

    Hard work for this guy…
    How much will he be paid to do this dirty job…?
    Under the 2002 Sarbanes Oxley Act, he sure puts in risk his own personal patrimony and “neck” here.

    John Parker.
    Atlanta GA.

  • February 11, 2005 at 7:42 am
    George Moore says:
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    Not only the insurance underwriters wish… to truly cut costs in claims handling for 2005 dumped Crawford´s shares to the lowest rate in the late years, as you know my friend. The “Government integrity investigation factor” played an important role in this show also.

    As you probably are informed:
    Even though the huge amount of recently assigned catastrophic claims to Crawford and Company, coming from the September hurricane, NYAG Eliot Spitzer´s December 09, 2004 subpoena on Crawford & Company operation caused a mayor fall on the value of the NYSE CRD-A & CRD-B shares.
    That Spitzer´s mayor fall down factor still keeps significantly affecting CRD-A & CRD-B NYSE shares.
    Among the above:
    Today…and considering information that has been developed here in CGs by Mr. Alvaro Perez, Crawford Chile´s General Manager … Crawford & Company is expected to be now also investigated by the US Security and Exchange Commission regarding a messy and illegal situation that Crawford and Company apparently has in the international operation development. Just like WorldCom years ago did, as he (Mr. Perez) said… That is the second important factor in this game.
    Therefore Bob Cormican, as a senior vice president on Compliance and Quality, first assignment might be to get this hole thing straighten out.
    Not an easy job, if you consider the Sarbane Oxley act violations and that he will be in charge to deal with two very dangerous governmental officers: US SEC and NYAG.

    So…Your right, “dump it all”, before is to late, may not be a bad advise on CRD-A & CRD-B NYSE shares today.

    Moore. G.
    RD Inv. Inc.
    NY.

  • February 11, 2005 at 11:14 am
    Alert says:
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    Dump it ALL, as this operation is within 12-18 months of a major financial nose dive.

    If Insurance Underwriters wish to truly cut costs in Claims handling, not look for the Fox that is all ready in the Hen House – Look to smaller local IA, they will treat you RIGHT!

  • February 12, 2005 at 2:11 am
    Thimothy Wildman says:
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    Good advise…
    Dump them all…
    First thing on monday.

    Hoping is not to late.

    Thanks

    Tim Wildman

  • February 13, 2005 at 7:59 am
    Cathy Reed. NYSE Investor says:
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    While since December 9th 2004 NYAG Spitzer investigates Crawford & Company´s integrity, same that US SEC is doing since November 2004, it is kind of obvious that Crawford & Company CEO Mr. Tom Crawford perfectly new what was going on in South America, Chile, since ever…

    Apparently this illegal SOX situation is going on since many years from now, as Crawford Chile´s manager stated at Insurance Journal article posted comments, some weeks ago, on:

    CEO: Spitzer Looking at Industry Business Practices, Not Crawford & Co.’s Integrity Dec 23, 2004 (http://www.claimsguides.com/comments/?a=/news/southeast/2004/12/23/49022.htm&c=8496)

    Though I simple come to arrive with the following questions…:

    1. Why did he (Tom Crawford) said to the media in his December 10th 2004 Press Release that he had no idea on what Spitzer was looking after…?

    2. And if Mr. Crawford new all about the financial illegally situation in Chile (what ever that might mean) . What makes he think that the NYSE stockholders shall not feel that something bigger than the Crawford & Company Sarbanes Oxley Act violation in South America , is not repeated in most of the international country operations…?

    3. Therefore…How many of the 700 offices in the 67 countries are really owned or partially owned by Crawford & Company, and how many of them are not?.

    4. So what is the real value of each share?.

    5. How can we; NYSE CRD-a and CRD-b stockholders, be sure that the WorldCom scandal is not repeated here in Crawford & Company world wide operation?.

    I sure hope that NYAG Spitzer and US Security and Exchange Commission (US SEC) get to the an answer on all this questions in there investigation.

    I sure doubt that Mr. Robert J. Cormican, or any other rip-off like him, can fix this messy situation with out having to pay on behalf of Crawford & Company and its shareholders a high price for it.

    Therefore:
    There is no way NYSE CRD-a and CRD-b can gain any future value.
    No way…!

    So…Dump it all, sounds to be a good, sharp and simple advise.

    Cathy Reed.
    NY.

  • February 13, 2005 at 1:03 am
    Bob says:
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    Robert J. Cormican, as former ASSURANCEAMERICA CORPORATION Senior Vice President & Chief Financial Officer, should have something to effectively do on the Crawford & Company international SOX violations mess, lately raised up in South America, Chile, by NYAG media exposed Crawford & Company Chile´s illegal financial situation.

    Check this out:
    While the CRD-a and CRD-b NYSE shares where in deed lately going in a major financial nose dive, until late February 9th , after announcing that Cormican joins the Crawford and Company team as senior vice president on Compliance, Quality, and Training, the mayor fall down tendency changed slightly up last week, the day after (10th ).

    Therefore…
    The man has his strong reputation, and he sure knows the meaning of REGULATIONS, numbers and stock tendencies, while former ASSURANCEAMERICA CORPORATION Senior Vice President & Chief Financial Officer.
    Have to see what does this slight happy new tendency means in the near future for Crawford and Company´s NYSE shares.

    My advise…same as “Alert” did…:
    Dump them all, as soon it is possible.
    NYAG Eliot Spitzer and the US SEC are no easy game to play with.
    2002 Sarbanes Oxley Act is real deep **** too.

  • February 15, 2005 at 6:43 am
    Bob says:
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    Well guy’s , nothing good happened today with the Crawford & Co.´s stock market.
    CRD-A and CRD-B shares are still going down.

    So let’s confront reality here… Let’s accept “Alert’s” advise.
    Nothing happened with Bob Cormican´s addition, in to the company’s executive team today.

    Therefore:
    Dump them all…!
    Sell…!, Sell…! Sell…! ASAP.

    Bob.

  • February 17, 2005 at 12:16 pm
    Greg Brown says:
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    Guilty.
    Bob Cornican have just joined into the company that will take him into prison.
    Just like ex-AIG and ex-Marsh executives are today.

    Better send him a worm pyjamas for jail wintertime.

    This SOX violation thing exposed by Crawford Chile to NYAG , will sure be your last assignment.
    Lucky you…!

    G.Brown
    NY

  • February 28, 2005 at 7:53 am
    Craig says:
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    third time on a row…
    this is the third time that i read on today´s feb 28 most popular cg list, that these crawford and company crooks are adding someone new on their lines.

    see what i mean.

    since crawford & company got nyag subpoena, it had made a lot of changes in its VP management structure. to bad that these bunch of crawford and company swindlers will get along with their frauds after all by just changing the administrative structure, and will keep on ripping-off claimants. same **** now done under diferent names.

    Sue



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