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NAVAJO LIFE INS. v. FIDELITY AND DEPOSIT

No. CIV 92-0686 PHX-EHC.

807 F.Supp. 1485 (1992)

NAVAJO LIFE INSURANCE COMPANY, an Arizona corporation, by Susan GALLINGER, Director of Insurance and Receiver, and Mark D. Tharp, Special Deputy Receiver for Navajo Life Insurance Company, an Arizona corporation in Receivership, Plaintiff, v. FIDELITY AND DEPOSIT COMPANY OF MARYLAND, a Maryland corporation, Defendant.

United States District Court, D. Arizona.

November 9, 1992.

Attorney(s) appearing for the Case

Eileen Trichel Baldwin, Nicholas C. Guttilla, P.C., Phoenix, AZ, for plaintiff.

William F. Haug, John Robert Doody, Jennings, Kepner & Haug, Phoenix, AZ, for defendant.

ORDER

CARROLL, District Judge.

Background

On March 10, 1992, plaintiffs, as receivers for Navajo Life Insurance Company (Navajo), filed this action as Petition No. 40 within the Receivership of Navajo Case No. CV 89-34043, in Maricopa County Superior Court. Plaintiffs allege that on or about March 1, 1980, defendant issued a $500,000 bond to Navajo. Complaint at para. IV. On July 24, 1990, plaintiffs notified defendant that six individuals...

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