Judge Orders Termination Of Insolvent Insurer’s Receivership Proceedings

(December 15, 2015, 11:32 AM EST) -- AUSTIN, Texas — A Texas judge on Dec. 2 granted the special deputy receiver (SDR) of an insolvent insurer’s application to end the insurer’s receivership proceeding (State of Texas v. Western Indemnity Insurance Company, No. D-1-GV-03-002024, Texas, 261st Dist., Travis Co.).

(Order approving application to terminate receivership available. Document #10-151224-027R.)

Western Indemnity Insurance Co. was placed into receivership by the Travis County 261st District Court on June 5, 2003. The Texas insurance commissioner was named receiver. Resolution Oversight Corp. was appointed as Western’s SDR on July...
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