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BRIEF-Unico American Corp announces settlement of litigation
September 15, 2017 / 9:38 PM / 4 days ago

BRIEF-Unico American Corp announces settlement of litigation

Sept 15 (Reuters) - Unico American Corp

* 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: Further company coverage:

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