Special Deputy Receiver Asks For OK Of $11M In Reinsurance Settlements

(December 16, 2015, 12:31 PM EST) -- AUSTIN, Texas — The special deputy receiver (SDR) of an insurer in liquidation asked a Texas court on Dec. 7 to grant it the authority to enter settlement agreements with three reinsurers under which the insurer’s liquidation estate will receive approximately $11 million (The State of Texas v. Santa Fe Auto Insurance Co., No. D-1-GV-13-000204, Texas Dist., Travis Co., 419th Jud.)....