O'CONNOR v. INSURANCE CO. OF NORTH AMERICA

No. 81 C 4690.

622 F.Supp. 611 (1985)

Philip O'CONNOR, Director of Insurance for the State of Illinois as Liquidator of Reserve Insurance Company, Plaintiff, v. INSURANCE COMPANY OF NORTH AMERICA, et al., Defendants.

United States District Court, N.D. Illinois, E.D.

October 21, 1985.


Attorney(s) appearing for the Case

Ronald A. Jacks, David M. Spector, Loraine P. Eber, Isham, Lincoln & Beale, Chicago, Ill., for Bind Inc., Dominion Ins. Co. of America, Employers Reinsurance Corp., Excess & Cas. Reinsurance Ass'n, Gerling Global Reinsurance Corp. (U.S. Branch), Hamburg Intern. Reinsurance Co., Ins. Co. of North America, INA Underwriters Ins. Co., Lumbermens Mut. Ins. Co., Monarch Ins. Co. of Ohio, Montgomery and Collins, Inc. of Texas, Petroleum Ins. Inc., Puritan Ins. Co., Rochdale Ins. Co., Scor Reinsurance Co., Societe Commerciale de Reassurance.

Peter M. Sfikas, Clay H. Philips, Peterson, Ross, Schloerb & Seidel, Chicago, Ill., for New England Reinsurance Corp., Prudential Reinsurance Co., Munich American Reinsurance Co., Munich Reinsurance Co. (U.S. Branch).

Arent J. Jacobson, Chicago, Ill., for Cent. Nat. Ins. Co. of Omaha.

William H. Luking, Ross & Hardies, Chicago, Ill., for American Reserve Ins. Brokers/International, Inc.

Jesse R. Pierce, Porter & Clements, Houston, Tex., David O. Toolan, Jeremiah Marsh, Michael Schneiderman, John L. Rogers, III, John N. Gavin, Rebecca R. Pallmeyer, Hopkins & Sutter, Chicago, Ill., for James A. Schacht, Acting Director of Ins.

Erwin I. Katz, Alvin L. Kruse, Hoffman & Davis, P.C., Chicago, Ill., for Independent Refining Corp.

Alan John Rein, Rein, Mound & Cotton, New York City, for Gerling Global Reinsurance Corp. (U.S. Branch), Hamburg Intern. Reinsurance Co., Monarch Ins. Co. of Ohio, Puritan Ins. Co., Rochdale Ins. Co.

John W. Dondanville, Evan B. Karnes, II, Baker & McKenzie, Chicago, Ill., for General Reinsurance Corp., North American Reinsurance Corp.


MEMORANDUM OPINION AND ORDER

PLUNKETT, District Judge.

Plaintiff, Philip R. O'Connor (the "Liquidator"), brings this diversity action on behalf of Reserve Insurance Company ("Reserve"). Reserve has been found insolvent, pursuant to the provisions of the Illinois Insurance Code ("Insurance Code") and the Final Order of Liquidation entered by the Circuit Court of Cook County in People ex rel. Mathias v. Reserve Insurance Co., 79 Ch 2828. Defendants...

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