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Judge Approves Transfer of Plastech Claims to Bond Issuer

By Jim Sams (Senior Editor)

Friday, December 19, 2008 | 0

A Chancery Court judge has granted permission to transfer workers' compensation claims from a bankrupt manufacturing plant to the surety company that backed its $970,000 self-insurance bond, the state Department of Insurance announced Thursday.Plastech Engineered Products closed its plants in Gallatin, Kenton and Franklin, Tenn., in September 2008 and stopped paying its own self-insured workers' compensation payments. On Dec. 2, the Davidson County Chancery Court issued a revised consent order transferring liability to the company's bond issuer, Safety National Casualty Corp. in St...

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