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RELIANCE INS. CO. v. ZEIGLER

Nos. 90-1628, 90-1799, 90-1913 and 90-2068.

938 F.2d 781 (1991)

RELIANCE INSURANCE COMPANY, Plaintiff-Appellee/Cross-Appellant, v. William J. ZEIGLER, Defendant-Appellant/Cross-Appellee, and Frankie M. Zeigler, Defendant-Cross-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided July 31, 1991.

Attorney(s) appearing for the Case

Edward M. Kay, James T. Ferrini, Randall Marmor, E. Christopher Caravette, Gilbert J. Schroeder, Clausen, Miller, Gorman, Caffrey & Witous, Chicago, Ill., for Reliance Ins. Co.

Michael W. Rathsack, Lawrence L. Kotin, Chicago, Ill., for William J. Zeigler.

Louis W. Brydges, Sr., Brydges, Riseborough, Morris, Franke & Miller, Waukegan, Ill., Kathleen Hendrickson, Marathon, Fla., for Frankie M. Zeigler.

Before WOOD, Jr. and MANION, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

ESCHBACH, Senior Circuit Judge.

William J. Zeigler owes Reliance Insurance Company ("Reliance") at least $1.6 million under an indemnity agreement. He appeals the District Court's judgment that the indemnity agreement requires him to post an additional $2.3 million as collateral against Reliance's further damages. Reliance cross-appeals because the District Court refused to allow Reliance to attach an annuity and an individual retirement account ("IRA") that William...

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