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Insurance Firm on Sale for Second Time
LOS ANGELES The Cosmopolitan Life Insurance Co. sold at auction on May 16. Jerome Factor, who bought it for 356,000 at a Chicago court sale, has two prospective buyers, one a Texas company and the other a Pacific Northwest firm. He cites longer commuting time as the reason for selling and notes no fault in the company. Knight has been president since organization. the firm was tied to California Cosmo Capital Inc., a holding company that collapsed.
MENTIONED IN THIS ARTICLE
Los Angeles
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Cosmopolitan Life Insurances Co
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Jerome Factor
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Texas Company
Pacific Northwest
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Goodwin J Knight
Cosmopolitan Life
Cosmo Capital Inc