Texas Judge OKs $9 Million Payment From Insurer’s Receivership To Asbestos Trust

Mealey's (March 4, 2016, 11:24 AM EST) -- AUSTIN, Texas — A Texas judge on March 1 approved an agreement between an insurer’s receivership estate and a trust set up to deal with asbestos-related claims against a company in bankruptcy (State of Texas v. Highlands Insurance Company, No. D-1-GV-03-004537, Texas, 53rd Dist., Travis Co.).

(Order available. Document #10-160325-015R.)

Highlands Insurance Co. was put into receivership by the Travis County District Court on Nov. 6, 2003.  The state’s commissioner of insurance was appointed as Highlands’ receiver.  The commissioner appointed Prime Tempus Inc. as Highlands’ special...
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