Jack M. Webb & Associates, Inc. operates this website solely for informational purposes as a convenience to parties interested in the insurance company receiverships managed by the firm. Jack M.Webb & Associates, Inc. and its principals serve as Special Deputy Receivers of insolvent insurance companies under contracts with the Texas Commissioner of Insurance; they are not agents of the State of Texas nor the Texas Department of Insurance ("TDI"). For information about the Texas insurance company receiverships, contact TDI's Rehabilitation and Liquidation Oversight Division.
Insurance Receiverships
When insurance companies encounter legal or financial troubles which impair their ability to pay policyholder claims, TDI works to protect policyholders by obtaining court orders placing them into receivership, a judicial proceeding similar to bankruptcy protection. Receivership proceedings can be used to rehabilitate troubled companies, or to liquidate them. TDI's goal in both cases is the protection of policyholders and creditors.
In Texas, insurance company receiverships are initiated by TDI, with the Commissioner of Insurance appointed as Permanent Rehabilitator or Receiver each time a court places a company into receivership. The Commissioner then designates a Special Deputy Receiver to manage the day to day operations of the company in receivership in accordance with the receivership provisions of the Texas Insurance Code. Activities of the Special Deputy Receiver are monitored by TDI's Rehabilitation and Liquidation Oversight Division and by the court in which the receivership case is pending.
Webb & Associates
Jack M. Webb & Associates, Inc. and its principals, Jack M. Webb, Robert Loiseau and Daniel R. Heiman, have served as Special Deputy Receivers of Texas domiciled insurance companies since 1993. Both Mr. Webb and Mr. Loiseau are licensed attorneys (Texas) and are accredited as Certified Insurance Receivers® by the International Association of Insurance Receivers.
