Brief: Unico American Corp announces settlement of litigation

Unico American

15/09/2017 22:20

Sept 15 (Reuters) - Unico American Corp  UNAM.O  
    * Unico American Corporation announces settlement of 
litigation 
    * Unico American - on Sept. 12, settlement agreement was 
reached on judgments on a policy liability claim covered by 
Crusader insurance company 
    * Unico American Corp - Settlement, amounting to $7 million, 
is required to be paid from funds deposited by Crusader with Los 
Angeles superior court 
    * Unico American - As a result of settlement, co expects to 
incur about $1.6 million in additional losses, loss adjustment 
expenses for quarter ended Sept 30 
 
Source text for Eikon:  ID:nBw5Pm2N1a  
Further company coverage:  UNAM.O  
 
 ((Bangalore.newsroom@thomsonreuters.com;))