Highlands Calling it Quits; New Executives Named

Highlands Insurance Group, Inc. (NYSE: HIC), a property and casualty insurer, announced that the Board approved a plan pursuant to which the Company will cease, as soon as practical and as permitted by applicable insurance law, issuing any new or renewal insurance policies. Pursuant to the plan, the Company is considering selling books of business or transferring renewal rights to third parties. The Company's investment advisors will continue the search for a strategic alternative as previously announced. The Company will continue to reduce staffing levels and expenses as appropriat...