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STATE v. GLENS FALLS INS. CO.

No. 1 CA-CIV 4333.

125 Ariz. 328 (1980)

609 P.2d 598

STATE of Arizona, Defendant-Counterclaimant, Third Party Plaintiff-Appellant, v. GLENS FALLS INSURANCE COMPANY, a New York Corporation, and the Home Indemnity Company, a New Hampshire Corporation, Third Party Defendants-Appellees.

Court of Appeals of Arizona, Division 1, Department A.

March 27, 1980.

Attorney(s) appearing for the Case

Robert K. Corbin, Atty. Gen. by J. Michael Low, Asst. Atty. Gen., Phoenix, for appellant.

Robbins, Green, O'Grady & Abbuhl, P.A. by Robert H. Green, J. Kenneth Mangum, Phoenix, for appellee Glens Falls Ins. Co.

Holman & Meador by John F. Holman, Phoenix, for appellee The Home Indem. Co.

OPINION

FROEB, Presiding Judge.

This appeal involves a question of liability insurance coverage. The matter to be decided is when damage occurred within the meaning of the insurance policies involved.

An action was brought on July 19, 1976, as a class suit by depositors of Lincoln Thrift Association and U.S. Thrift Association against the State of Arizona.1 The suit alleged failure of the State to regulate and supervise...

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