NEWS: The Inevitable Appeal from the P.I.D.
Kingsway Announces Pennsylvania Appeal of Commonwealth Court Ruling
TORONTO, May 3 /CNW/ - (TSX: KFS, NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that it has been informed that on April 30, 2010, the Pennsylvania Insurance Department filed a notice of appeal to the Pennsylvania Supreme Court relating to the Commonwealth Court of Pennsylvania's decision to dismiss all claims against Kingsway and Kingsway America Inc. challenging the disposition of Lincoln General Insurance Company ("Lincoln"). The Commonwealth Court had previously confirmed that the disposition of Lincoln did not violate Pennsylvania insurance laws and did not require Department approval. The Company will oppose the appeal.
About the Company
Kingsway Financial Services Inc. ("Kingsway" or the "Company") focuses on non-standard automobile insurance in the United States of America. Kingsway's primary businesses are the insuring of automobile risks for drivers who do not meet the criteria for coverage by standard automobile insurers. The common shares of Kingsway Financial Services Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange, under the trading symbol "KFS".
Forward-Looking Statements
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