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Old 11-04-2002, 11:22 AM
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Default Highland Bankruptcy

Anyone hit with this?

Highlands Insurance Group Inc. said on Thursday it has filed for Chapter 11 bankruptcy protection, alongside five of its non-insurance subsidiaries, in Delaware bankruptcy court. The Lawrenceville, New Jersey-based firm, which made large losses on its property-casualty insurance business and stopped issuing new policies last year, listed assets of $1.64 billion and debts of $1.82 billion in its filing. The firm has filed a plan of reorganization and is waiting for court approval. The company said its common stock would be canceled with nothing paid to shareholders.
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Old 11-04-2002, 11:38 PM
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I used to work at Highlands in the mid 80's when they were in Houston. They had some great looking babes there at the time, but nobody seemed to know much about insurance.

Rest in Peace.

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Old 11-05-2002, 01:08 AM
neofan neofan is offline
Join Date: May 2002
Favorite beer: Newcastle - Brown Ale rules
Posts: 920

I checked one member at SOA in MN who worls at Highland, but it looks like it's now taken over by Travellers
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