Auto Insurer, Pa. End Dispute Over 'Sham' Stock Gifts
As part of the settlement, Kingsway has agreed to reacquire 49 percent of its former subsidiary's holding company, Walshire Assurance Co., in a joint venture with Tawa PLC, Pennsylvania's insurance regulator confirmed Tuesday.
Kingsway and the insurance department reached the deal after nearly a year of negotiations, Kingsway said.
Pennsylvania's insurance regulator sued Kingsway...
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