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AETNA CAS. & SURETY CO. v. CERTAIN UNDERWRITERS

Docket No. 45823.

56 Cal.App.3d 791 (1976)

129 Cal. Rptr. 47

AETNA CASUALTY AND SURETY COMPANY, Plaintiff and Respondent, v. CERTAIN UNDERWRITERS AT LLOYDS OF LONDON, ENGLAND et al., Defendants and Appellants.

Court of Appeals of California, Second District, Division Two.

March 30, 1976.

Attorney(s) appearing for the Case

COUNSEL

Hancock, Rothert & Bunshoft, Harlow P. Rothert and James E. Cusick for Defendants and Appellants.

Gibson, Dunn & Crutcher, Sherman Welpton, Jr., and John L. Endicott for Plaintiff and Respondent.

OPINION

BEACH, J.

Appellants1 and respondent Aetna Casualty & Surety Co. (Aetna) were insurers of Union Oil Company (Union) in January 1969, at the time of the Santa Barbara oil well blow-out. Aetna defended Union to the exhaustion of the $50,000 monetary limit of its policy. The instant action for equitable subrogation and declaratory relief was filed because Aetna, although continuing to defend Union...

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