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IN RE LIQUIDATIONS OF RESERVE INS. CO.

No. 66033.

122 Ill.2d 555 (1988)

524 N.E.2d 538

In re LIQUIDATIONS OF RESERVE INSURANCE COMPANY et al. (American Re-Insurance et al., Appellants, v. John E. Washburn, Director of Insurance, et al., Appellees).

Supreme Court of Illinois.

Opinion filed May 18, 1988.

Attorney(s) appearing for the Case

Phelan, Pope & John, Ltd., of Chicago (John M. Christian and Michael M. Marick, of counsel), for appellants.

Samuel K. Skinner and James R. Stinson, of Sidley & Austin, and Jeremiah Marsh, John N. Gavin and Joseph F. Griffin, of Hopkins & Sutter, all of Chicago, for appellee John E. Washburn.

Hugh C. Griffin, Don W. Fowler, Rowe W. Snider and Kathryn G. Montgomery, of Lord, Bissell & Brook, of Chicago, for appellee Illinois Insurance Guaranty Fund.

Marc J. Calfen, of DeHaan & Richter, P.C., of Chicago, and Karl L. Rubinstein, Jeffrey L. Wood and Robert N. Nunnally, Jr., of Rubinstein & Perry, of Dallas, Texas, for appellee Texas Property and Casualty Guaranty Association.

Kahn & Robinson, of Chicago (Carole J. Olson, of Kansas City, Missouri, of counsel), for amicus curiae National Association of Insurance Commissioners.

Hinshaw, Culbertson, Moelmann, Hoban & Fuller, of Chicago (William G. Swindal and Joshua G. Vincent, of counsel), for amici curiae fifteen nonresident State insurance guaranty funds.

Motion allowed; circuit court affirmed.

CHIEF JUSTICE MORAN delivered the opinion of the court:

In separate proceedings in the circuit court of Cook County, Reserve Insurance Company (Reserve) and Security Casualty Company (Security) are undergoing liquidations pursuant to article XIII of the Illinois Insurance Code (Code) (Ill. Rev. Stat. 1981, ch. 73, par. 799 et seq.). John E. Washburn, Director of Insurance (Director), as the liquidator of Reserve...

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