Reinsured Insurer Objects To Claim Determination Of Special Deputy Receiver
(June 21, 2016, 7:10 AM EDT) -- AUSTIN, Texas — An insurer that is a reinsured of an insolvent insurer in receivership told a Texas court on May 31 that the insolvent insurer’s special deputy receiver (SDR) improperly calculated the estate’s allowed amount of a proof of claim (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.).
(Objection available. Document #10-160624-038B.)
The State of Texas and the Texas Department of Insurance asked the Travis County, Texas, District Court to...