(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.)....