TORONTO
,
Nov. 19
/CNW/ - Kingsway Financial Services Inc. ("Kingsway") announced today that in order to provide greater certainty to all stakeholders, it has asked the Commonwealth Court of Pennsylvania to declare that the
October 19, 2009
donation of shares of the holding company of
Lincoln General
Insurance Company ("Lincoln") was lawful and did not require prior approval of the Pennsylvania Insurance Department. As disclosed on
October 19
and
November 16, 2009
, Kingsway has met, and fully intends to continue to meet, its regulatory and contractual obligations in respect of Lincoln.
About the Company
Kingsway Financial Services Inc. ("Kingsway" or the "Company") focuses on non standard automobile insurance in
North 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, and commercial automobile insurance. The Company operates through wholly-owned insurance subsidiaries in
Canada
and the U.S. which it is currently consolidating to reduce overhead and strengthen its competitive position.
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".
%SEDAR: 00003152E %CIK: 0001072627
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