Pafco trip pause results of rehabilitation in high-risk automobile insurance provided for the acquisition of companies NY

A potential saviour of Pafco General Insurance Co. has again drawn a plan of purchasing and revitalizing the company in doubt on the high-risk auto insurance the future.

New York-based ICM Insurance Co. submitted a request for a license to do business in Indiana, earlier this year and gave no reason for its decision to the State Department of Insurance.

“We are confident, doubtless could have a positive outcome, but unfortunately up to this point, there is not yet dramatically positive development,” the public insurance schemes said Commissioner Jim Atterholt.

A representative ICM has to say, if it still plans to buy Superior Pafco Insurance Co., another company in possession of Indianapolis-based Superior.

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