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T & N v. PENNSYLVANIA INS. GUAR. ASS'N

Nos. 93-2011 and 93-2012.

44 F.3d 174 (1994)

T & N, plc, Appellant/Cross-Appellee, v. PENNSYLVANIA INSURANCE GUARANTY ASSOCIATION, Appellee/Cross-Appellant.

United States Court of Appeals, Third Circuit.

Sur Petition for Rehearing January 3, 1995.

Decided November 29, 1994.

Attorney(s) appearing for the Case

Mark F. Rosenberg, Philip L. Graham, Jr. (argued), Tariq Mundiya, Sullivan & Cromwell, New York City, Richard L. Berkman, William R. Spade, Jr., Dechert, Price & Rhoads, Philadelphia, PA, for appellant/cross-appellee.

Lise Luborsky, Joseph M. Hankins (argued), Britt, Hankins, Schaible & Moughan, Philadelphia, PA, for appellee/cross-appellant.

Before: MANSMANN, ALITO and ROSENN, Circuit Judges.

OPINION OF THE COURT

MANSMANN, Circuit Judge.

The Pennsylvania Insurance Guaranty Association ("PIGA") is an association of independent property and casualty insurers within Pennsylvania, created by The Pennsylvania Insurance Guaranty Association Act, 40 Pa.Stat. § 1701.101 et seq. (1970) for the purpose of providing a means of relatively prompt payment of covered claims in the stead of an insolvent insurer...

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