Unico American Corporation Reports Relocation of Headquarters

WOODLAND HILLS, Calif.--()--Unico American Corporation (NASDAQ: UNAM) (“Unico,” the “Company”), announced today plans to relocate all operations and headquarters.

To accomplish the move, the company’s business and operations will be closed on Friday, October 9, 2015, and operations will resume at the new location on October 12, 2015.

The new location will be at 26050 Mureau Road, Calabasas, California 91302.

“We are excited and eager to occupy and show off this beautiful, first-class building that our Crusader Insurance Company subsidiary purchased two years ago,” said the company’s President and CEO, Cary L. Cheldin.

Headquartered in Woodland Hills, California, Unico is an insurance holding company that underwrites property and casualty insurance through its insurance company subsidiary; provides property, casualty, and health insurance through its agency subsidiaries; and through its other subsidiaries provides insurance premium financing and membership association services. Unico has conducted the majority of its operations through its subsidiary Crusader Insurance Company since 1985. For more information concerning Crusader Insurance Company, please visit Crusader’s website at www.crusaderinsurance.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein that are not historical facts are forward-looking. These statements, which may be identified by forward-looking words or phrases such as “anticipate,” “appears,” “believe,” ”expect,” “intend,” “may,” “should,” and “would,” involve risks and uncertainties, many of which are beyond the control of the Company. Such risks and uncertainties could cause actual results to differ materially from these forward-looking statements. Factors which could cause actual results to differ materially include underwriting actions not being effective, rate increases for coverages not being sufficient, premium rate adequacy relating to competition or regulation, actual versus estimated claim experience, regulatory changes or developments, unforeseen calamities, general market conditions, and the Company’s ability to introduce new profitable products.

Contacts

Unico American Corporation
Lester A. Aaron
Chief Financial Officer
818-591-9800

Release Summary

RELOCATION OF HEADQUARTERS

Contacts

Unico American Corporation
Lester A. Aaron
Chief Financial Officer
818-591-9800