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IN RE MISSION INS. CO.

Docket No. B083725.

41 Cal.App.4th 828 (1995)

48 Cal. Rptr.2d 209

In re MISSION INSURANCE COMPANY et al. in Liquidation. CHARLES QUACKENBUSH, as Insurance Commissioner, etc., Plaintiff and Respondent, v. IMPERIAL CASUALTY AND INDEMNITY COMPANY, Defendant and Appellant.

Court of Appeals of California, Second District, Division One.

December 5, 1995.

Attorney(s) appearing for the Case

COUNSEL

Kirkland & Ellis, Tefft W. Smith, David A. Coulson, Kroll & Tract, Elliott M. Kroll, Bruce M. Friedman and David K. Ng for Defendant and Appellant.

Rubinstein & Perry, Karl L. Rubinstein, Dana Carli Brooks, Robert H. Nunnally, Jr., Melissa S. Kooistra and Michael J. Rothman for Plaintiff and Respondent.

OPINION

MASTERSON, J.

Defendant Imperial Casualty and Indemnity Company (Imperial) reinsured Mission Insurance Company (Mission) and two of its subsidiaries under various reinsurance agreements. In turn, Mission (but none of its subsidiaries) reinsured Imperial.

In 1985, the Insurance Commissioner (the Commissioner) placed Mission and its affiliated companies into conservatorship due to insolvency. In 1987, the Commissioner...

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