Judge Stays Wind Damage Case Against Homeowners Insurer, Cites Receivership Filing

(August 15, 2023, 1:09 PM EDT) -- McALLEN, Texas — A Texas federal judge on Aug. 14 stayed a breach of contract case against a homeowners insurer related to its purported failure to adequately cover a claim for wind damages, finding that a stay is merited because the Florida Department of Financial Services’ (DFS) “filing of the petition for receivership operates as an automatic stay under Florida law.”...