Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired Cost-U-Less Insurance, a California provider of non-standard auto insurance with offices located primarily in the northern and central parts of the state.
Based in Sacramento, Cost-U-Less Insurance has been providing California drivers with high-quality, low cost auto insurance options since 1989. The company has more than 80 office locations throughout California and writes more than $125 million in premiums annually. With this acquisition, Confie Seguros will broaden its presence to over 150 retail centers throughout the state.
Norm Hudson, president of Cost-U-Less, will remain in his position and continue to oversee the company.
Topics Mergers & Acquisitions California Auto
Was this article valuable?
Here are more articles you may enjoy.
Florida Widower Sues Publix, Says Recalled Blueberries Caused Wife’s Death in June 
Texas Rangers Pursuing Criminal Investigation Against Camp Mystic 
Hurricane to Threaten Hawaii With Flooding Over Weekend 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
