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MUIR v. TRANSP. MUT. INS. CO.

No. 1658 C.D. 1985.

107 Pa.Commw. 638 (1987)

529 A.2d 534

William R. Muir, Jr., Acting Insurance Commissioner of the Commonwealth of Pennsylvania, Plaintiff v. Transportation Mutual Insurance Company, Defendant.

Commonwealth Court of Pennsylvania.

June 25, 1987.

Attorney(s) appearing for the Case

Albert J. Strohecker, III, Associate Chief Counsel, with him, Paul Laskow, Chief Counsel, Frank H. Getter and Richard J. Enterline, Assistant Counsels, for plaintiff.

Howard H. Lewis, with him, Hugh J. Hutchison, Sprecher, Felix, Visco, Hutchison & Young, for defendant.

Donald A. Emeigh, Jr., with him, Ralph A. Jacobs and Barbra Shotel, Hoyle, Morris & Kerr, for intervenor, Christiana General Insurance Corporation of New York.

LeRoy E. Perper, with him, Richard M. Jordan, White & Williams, for intervenor, Meridian Bank.

William R. Balaban, with him, Michael A. Dillon, Balaban & Balaban, for intervenor, Skandia America Reinsurance Corporation.

Miles H. Shore, Saul, Ewing, Remich & Saul, for intervenor, Seaboard System Railroad and CSX Transportation.

Henry B. Fitzpatrick, Jr., Liebert, Short, Fitzpatrick & Hirshland, for intervenor, Atlanta International Insurance Company.

Heard May 11 and 21, 1987, before Senior Judge BARBIERI.

OPINION BY SENIOR JUDGE BARBIERI, June 25, 1987:

Before this Court are the applications of Meridian Bank (Meridian) and the Department of Insurance (Department) for the issuance of a permanent injunction against certain creditors of Transportation Mutual Insurance Company (Transportation Mutual). Meridian and the Department seek to permanently enjoin creditors of Transportation Mutual who hold standby letters of credit issued by Meridian pursuant to policies of reinsurance...

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