Judge OKs $1.5M Allowance Of Reinsurance Company’s Claim With Insolvent Insurer

(June 23, 2016, 7:53 AM EDT) -- AUSTIN, Texas — A Texas judge on June 15 approved the special deputy receiver (SDR) of an insurer in receivership’s allowance of $1.5 million for a reinsurance company’s proof of claim as a reinsured of the insolvent insurer (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.).

(Order available. Document #12-160701-002R.)

The Travis County, Texas, District Court placed Vesta Fire Insurance Corp., Vesta Insurance Corp., Shelby Casualty Insurance Co., The Shelby Insurance...
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