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CRUM & FORSTER MANAGERS CORP. v. RESOLUTION TRUST CORP.

No. 74673.

620 N.E.2d 1073 (1993)

156 Ill.2d 384

189 Ill.Dec. 756

CRUM AND FORSTER MANAGERS CORPORATION et al., Appellants, v. RESOLUTION TRUST CORPORATION, as Receiver for Mid-State Savings and Loan Association, et al., Appellees.

Supreme Court of Illinois.

September 23, 1993.

Attorney(s) appearing for the Case

John F. Bramfeld, Phebus, Tummelson, Bryan and Knox, Urbana, and Edward F.

Ruberry, Jeffery A. Goldwater and James A. Lupo, Jr., Bollinger, Ruberry & Garvey, Chicago, for appellants.

Ann S. Duross, Colleen B. Bombardier and Maria Beatrice Valdez, Washington, DC, William A. Spence and Brian P. Norton, Chicago, for appellee Resolution Trust Corp.

Richard T. West, Meyer, Capel, Hirschfeld, Muncy, Jahn & Aldeen, P.C., Champaign, for appellees Joseph W. Corley and JoAnn Corley.

Charles L. Palmer and John B. Alsterda, Flynn, Palmer, Tague & Lietz, Champaign, for appellee Donald L. Whitsitt.

Justice BILANDIC delivered the opinion of the court:

This appeal involves an insurance coverage dispute between the plaintiff-insurers and the defendant-insureds. The plaintiff-insurers, Crum and Forster Managers Corporation (Crum & Forster), Illinois Insurance Exchange, Inc., and LWB Syndicate, Inc. (collectively insurers), instituted this declaratory judgment action against the defendant-insureds, Mid-State Savings and Loan Realty, Inc., Mid-State Appraising...

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