Deputy Receiver Asks For OK Of $33 Million Settlement With U.S. Government

(October 1, 2015, 9:12 AM EDT) -- AUSTIN, Texas — A special deputy receiver on Sept. 28 asked a Texas court to approve a settlement agreement under which an insurer’s rehabilitation estate will pay the U.S. government $33 million regarding certain customs bonds (State of Texas v. Highlands Insurance Company, No. D-1-GV-03-004537, Texas, 53rd Dist., Travis Co.).

(Application for approval of settlement agreement available. Document #10-151023-008X.)

Highlands Insurance Co. was placed into receivership by the Travis County District Court on Nov. 6, 2003. Texas’ commissioner of insurance was appointed as Highlands’ receiver, and...
To view the full article, register now.