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.).

(Application available. Document #10-151224-028X.)

The Travis County 419th Judicial District Court granted the Texas Department of Insurance’s application for an order liquidating Santa Fe Auto...
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