Special Deputy Receiver Asks Court To Approve $1.5 Million Settlement

(May 3, 2016, 7:10 AM EDT) -- AUSTIN, Texas — The special deputy receiver (SDR) of an insurer in receivership asked a Texas court on April 25 to approve a $1.5 million settlement of coverage action brought by a pipeline company (State of Texas v. Highlands Insurance Company, No. D-1-GV-03-004537, Texas, 53rd Dist., Travis Co.).

(Application available. Document #10-160527-016X.)

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