John H. Carney & Associates v. Texas Property & Casualty Insurance Guaranty Ass'n

OPINION

J. WOODFIN JONES, Chief Justice.

John H. Carney & Associates (“Carney” or “the Carney law firm”) sued the Texas Property and Casualty Insurance Guaranty Association (“the Association”) to recover damages it was awarded in a judgment against an insolvent insurance company, Texas Select Lloyds Insurance Company (“Texas Select”). Carney contends that the judgment constitutes a “covered claim” under former article 21.28-C, section 5(8) of the Texas Property and Casualty Insurance Guaranty Act (“the Guaranty Act”) 1 because the judgment was based on an assigned interest in the proceeds of a…