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FED. SAV. & LOAN INS. CORP. v. TRANSAMERICA INS.

No. CV 84-4444 FFF.

661 F.Supp. 246 (1987)

FEDERAL SAVINGS & LOAN INSURANCE CORPORATION, Plaintiff, v. TRANSAMERICA INSURANCE COMPANY, Defendant.

United States District Court, C.D. California.

May 6, 1987.

Attorney(s) appearing for the Case

Harold J. Kwalwasser, A. James Roberts, III, Spurgeon E. Smith, Tuttle & Taylor, Los Angeles, Cal., for plaintiff.

George C. Montgomery, Rene J. Gascou, Jr., Ashley White, Montgomery, Gascou, Gemmill & Thornton, Los Angeles, Cal., for defendant.

MEMORANDUM OPINION

FERNANDEZ, District Judge.

Transamerica Insurance Company ("Transamerica") issued a Savings and Loan Blanket Bond to Northwestern Savings & Loan Association ("Northwestern"). When Northwestern suffered a loss, Transamerica denied coverage, and Federal Savings & Loan Insurance Corporation ("FSLIC") ultimately brought this action to recover under the bond. It also sought punitive damages.

Both FSLIC and Transamerica have...

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