Judge Says Liquidation Estate May Pay Insurance Guarantor Expenses

Mealey's (March 2, 2017, 10:12 AM EST) -- AUSTIN, Texas — A Texas judge on Feb. 16 authorized the special deputy receiver (SDR) of an insurer in liquidation to pay from the liquidation estate the expenses of a number of states’ insurance guaranty associations as they relate to claims handled by them on the insolvent insurer’s behalf (The State of Texas and the Texas Department of Insurance v. Vesta Fire Insurance Corporation, et al., No. D-1-GN-002366, Texas Dist., Travis Co.)....

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