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IN RE REHABILITATION OF CENTAUR INS. CO.

No. 1-91-3757.

606 N.E.2d 291 (1992)

238 Ill. App.3d 292

179 Ill.Dec. 459

In re REHABILITATION OF CENTAUR INSURANCE COMPANY. (Hartford Fire Insurance Company et al., Petitioners-Appellees and Cross-Appellant, v. Stephen F. Selcke, Director of Insurance, State of Illinois, Respondent-Appellant and Cross-Appellee).

Appellate Court of Illinois, First District, Fourth Division.

November 5, 1992.

Attorney(s) appearing for the Case

Peter G. Gallanis, Dale A. Coonrod, & J. Kevin Baldwin, Chicago, for appellant.

Butler, Rubin, Newcomer, Saltarelli, Boyd & Krasnow, Chicago (James I. Rubin, Robert N. Hermes, Sue Payne, & Samuel W. Ach, of counsel), for appellees.

Justice LINN delivered the opinion of the court:

The Centaur Insurance Company (Centaur) is a wholly-owned subsidiary of Borg-Warner Corporation. Centaur issued numerous reinsurance policies to the Hartford Companies (Hartford). Centaur was subsequently declared insolvent and placed under the supervision of the circuit court of Cook County. The Illinois Director of Insurance was appointed the Rehabilitator of Centaur.<...

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