Judge OKs Special Deputy Receiver’s $4.8 Million Distribution

(September 22, 2015, 1:07 PM EDT) -- AUSTIN, Texas — A Texas judge on Sept. 14 granted the special deputy receiver of an insolvent insurer’s application for permission to make certain early access payments to a number of states’ insurance guaranty associations (The State of Texas v. Gramercy Insurance Co., No. D-GV-12-001713, Texas Dist., Travis Co.).

(Order approving payments to guaranty associations available. Document #10-150925-021R.)

Gramercy Insurance Co. was ordered into liquidation by the Travis County, Texas, District Court on Aug. 26, 2013, and Resolution Oversight Corp. was named as Gramercy’s special deputy...
To view the full article, register now.