Special Deputy Receiver Seeks OK To Finalize $14M Settlement Of Asbestos Claims
(November 18, 2015, 10:38 AM EST) -- AUSTIN, Texas — The special deputy receiver (SDR) of an insolvent insurer asked a Texas court on Nov. 2 to authorize the consummation of a settlement agreement, releasing the insurer’s estate from all further claims under certain policies covering asbestos related claims (State of Texas v. Highlands Insurance Company, No. D-1-GV-03-004537, Texas, 53rd Dist., Travis Co.).
(Application for approval of release and settlement agreement available. Document #10-151120-026X.)
The Travis County District Court put Highlands Insurance Co. into receivership on Nov. 6, 2003. The state’s commissioner of...