Texas Judge OKs Settlement Between Insolvent Insurer’s Estate And Insureds

(December 4, 2015, 10:23 AM EST) -- AUSTIN, Texas — A Texas judge on Nov. 16 granted an application for the approval of a settlement between an insurer’s receivership estate and certain insureds over asbestos-related claims (State of Texas v. Highlands Insurance Company, No. D-1-GV-03-004537, Texas, 53rd Dist., Travis Co.).

(Order available. Document #10-151224-014R.)

Highlands Insurance Co. was placed into receivership on Nov. 6, 2003, by the Travis County District Court. Texas’ commissioner of insurance was appointed as Highlands’ receiver, who in turn appointed Prime Tempus Inc. as Highland’s special deputy receiver (SDR)....
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