Texas CUSO Insurance Group filed for Chapter 11 bankruptcy Sept. 5. The insurance company said it was forced into bankruptcy because of the weak insurance market and continuing litigation expenses. 

The bankruptcy petition was filed in the U.S. Bankruptcy Court in the Northern Texas District. A spokesperson for the company said policyholders should not worry about the bankruptcy filings and their policies will be safe. 

If your business is facing financial trouble and is consdering filing for bankruptcy, contact the Austin bankruptcy lawyers of Slater Kennon LLP, at 512-338-1100.