The board of the Texas Windstorm Association decided Monday to put off a decision about going into receivership until at least May, and will attempt to resolve millions in outstanding claims stemming from Hurricane Ike in the meantime.
At its meeting Monday, the board decided not to voluntarily enter receivership, a course resembling bankruptcy that would allow it to put a stay on lawsuits, and allow Texas Insurance Commissioner Eleanor Kitzman to come up with a plan for making the association solvent.
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