ROCK ISLAND, Ill., Dec. 9, 2018 /PRNewswire/ -- ICC Holdings,
Inc. (NASDAQ: ICCH) (the Company), parent company of Illinois
Casualty Company, a regional, multi-line property and casualty
insurance company focusing primarily on the food and beverage
industry, today reported that the Board of Directors has authorized
management to evaluate options for offering its current insurance
policies to cannabis-related businesses. With the recent
decision by the state of Michigan
to legalize recreational cannabis, Illinois Casualty Company has
now begun the process of exploring opportunities to provide
insurance for cannabis dispensaries in those states where adult
recreational use of cannabis is legal. There can be no
assurance that exploration of the Company's opportunity in this
area will result in us being able to offer our products to
cannabis-related businesses.
ABOUT ICC HOLDINGS, INC.
ICC Holdings, Inc. is a vertically integrated company created to
facilitate the growth, expansion and diversification of its
subsidiaries in order to maximize value to its stakeholders.
The group of companies consolidated under ICC Holdings, Inc.
engages in diverse, yet complementary business activities,
including property and casualty insurance, real estate, and
information technology.
The Company's common shares trade on the NASDAQ Capital Market
under the ticker symbol "ICCH". For more information about ICC
Holdings, visit http://ir.iccholdingsinc.com.
FORWARD-LOOKING STATEMENTS
This press release, and oral statements made regarding the
subjects of this release, contains forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995, or the Reform Act, which may include, but are not limited
to, statements regarding the Company's, plans, objectives,
expectations and intentions and other statements contained in this
press release that are not historical facts, including statements
identified by words such as "believe," "plan," "seek," "expect,"
"intend," "estimate," "anticipate," "will," and similar
expressions. All statements addressing operating performance,
events, or developments that the Company expects or anticipates
will occur in the future, including statements relating to revenue
and profit growth, product and segment expansion, including
offerings to cannabis-related businesses, regulatory approval in
connection with expansion, and market share, as well as statements
expressing optimism or pessimism about future operating results,
are forward-looking statements within the meaning of the Reform
Act. The forward-looking statements are based on management's
current views and assumptions regarding future events and operating
performance, and are inherently subject to significant business,
economic, and competitive uncertainties and contingencies and
changes in circumstances, many of which are beyond the Company's
control. The statements in this press release are made as of the
date of this press release, even if subsequently made available by
the Company on its website or otherwise. The Company does not
undertake any obligation to update or revise these statements to
reflect events or circumstances occurring after the date of this
press release.
Although the Company does not make forward-looking statements
unless it believes it has a reasonable basis for doing so, the
Company cannot guarantee their accuracy. The foregoing factors,
among others, could cause actual results to differ materially from
those described in these forward-looking statements. For a list of
other factors which could affect the Company's results, see the
Company's filings with the Securities and Exchange Commission,
"Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations," including "Forward-Looking
Information," set forth in the Company's Annual Report on Form 10-K
for the year ended December 31, 2017.
No undue reliance should be placed on any forward-looking
statements.
Contact Info:
Arron K. Sutherland, President and
CEO
Illinois Casualty Company
(309) 732-0105
arrons@ilcasco.com
225 20th Street, Rock Island,
IL 61201
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SOURCE ICC Holdings, Inc.