Receiver: No Authority To Settle $750,000 Judgment Outside Insurer’s Liquidation

Mealey's (December 16, 2020, 1:43 PM EST) -- LOUISVILLE, Ky. — The receiver for Spirit Commercial Auto Risk Retention Group Inc. argues in a Dec. 14 reply brief to a Kentucky federal court that Nevada and Kentucky state law preclude her from attending any settlement conference with authority to approve a settlement of a claimant’s case over a $750,000 truck crash judgment against Spirit’s insured (George Gillett v. Spirit Commercial Auto Risk Retention Group, Inc., et al., No. 19-260, W.D. Ky.)....