Law Offices of Howard G. Smith announces that it is investigating potential claims against CRM Holdings, Ltd. (“CRM” or the “Company”) (NASDAQ: CRMH) concerning possible securities violations in relation to public statements made by the Company between December 21, 2005 and December 9, 2009. The investigation focuses on allegations that statements made by the Company during that period regarding CRM’s business, operations and prospects were false and misleading. On December 10, 2009, the price of CRM’s common stock declined by $0.22 per share, or approximately 42%, to close at $0.30 per share, on unusually heavy volume.

If you purchased CRM common stock between December 21, 2005 and December 9, 2009, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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