California Insurance Commissioner Moves to Place Crusader Insurance Company, Principal Subsidiary of Unico American Corporation into Conservation

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Jun 02, 2023

CALABASAS, CA / ACCESSWIRE / June 2, 2023 / Unico American Corporation (the "Company") announced that the Company was notified on June 1, 2023 that the Insurance Commissioner of the State of California (the "Commissioner") filed a Verified Petition For Order Appointing the Insurance Commissioner as the Conservator of the principal operating subsidiary of the Company, Crusader Insurance Company ("Crusader"), on May 31, 2023 (the "Petition"). Crusader is a California insurance company and its principal regulator is the Commissioner.