American Patriot Insurance Agency Inc.

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MRM seeks protection at US Bankruptcy Court

Mutual Risk Management has filed a bankruptcy petition in the United States and is seeking an automatic stay of all of the legal proceedings that have been filed against it and a ban on new actions.

$3 m of MRM assets frozen, two new lawsuits filed

A United States-based trucking concern has obtained a $3 million asset freeze order against the financially troubled Mutual Risk Management group. Bermuda Supreme Court issued the order on April 25, 2002 after an application that same day by Franklin Logistics Inc.