FOUR STAR INSURANCE AGENCY, INC.; J.D. Jenkins & Co., Inc.; Insurance Hawaii, Inc.; Big Island Insurance Agency, Inc.; and Pyramid Insurance, Plaintiffs-Appellants,
v.
HAWAIIAN ELECTRIC INDUSTRIES, INC.; Hei Diversified, Inc.; The Hawaiian Insurance & Guaranty Company, Limited; United National Insurance Company, Limited; Hawaiian Underwriters Insurance Co., Ltd.; Robert F. Clarke; Edward J. Blackburn; Thomas S. Adams; Gary L. Kirby; David L. Ward; Neal H. Kunde; Robert F. Mougeot; Reynaldo D. Graulty, only in his capacity as Insurance Commissioner of the State of Hawai`i and Rehabilitator and/or Liquidator of Hawaiian Insurance & Guaranty Company, Limited, United National Insurance Company, Ltd. and Hawaiian Underwriters Insurance Co., Ltd., Defendants-Appellees, and DOES 1 through 100, Defendants
Supreme Court of Hawai`i.https://leagle.com/images/logo.png
February 26, 1999.
February 26, 1999.
Attorney(s) appearing for the Case
David K. Lum and Keith S. Agena, of Char, Sakamoto, Ishii, Lum & Ching; Honolulu, Philip Borowsky, pro hac vice, of San Francisco; Jani Iwamoto, pro hac vice, of San Francisco, on the briefs, for Plaintiffs-Appellants Four Star Insurance Agency, Inc.; J.D. Jenkins & Co., Inc.; Insurance Hawaii, Inc.; Big Island Insurance Agency, Inc.; and Pyramid Insurance Agency.
Jeffrey S. Portnoy and Mitchell C. Sockett, of Cades Schutte Fleming & Wright, Honolulu, on the briefs, for Defendants-Appellees Hawaiian Electric Industries, Inc.; HEI Diversified, Inc.; Robert F. Clarke and Robert F. Mougeot
Clifford K. Higa, Joseph N. Kiyose, Rod S. Aoki, John A. Kodachi, of Kobayashi, Sugita & Goda, Honolulu, on the briefs, for Defendants-Appellees United National Insurance Company, Limited, and Hawaiian Underwriters Insurance Co., Ltd.
George W. Playdon, Jr. and Kelvin H. Kaneshiro, of Reinwald, O'Connor & Playdon, Honolulu, on the briefs, for Defendants-Appellees Thomas S. Adams, Gary L. Kirby, David L. Ward, and Neal H. Kunde, Deborah Day Emerson and David A. Webber, Deputy Attorneys General, for Defendant-Appellee Reynaldo D. Graulty, only in his capacity as Insurance Commission of the State of Hawai`i
Jerrold Y. Chun, of Chun Chipchase Takayama Nagatani, Honolulu, on the briefs, for Defendants-Appellees Linda Chu Takayama and Lawrence M. Reifurth, in their respective capacities as Rehabilitators and/or Liquidators of the Hawaiian Insurance & Guaranty Company, Limited, United National Insurance Company, Ltd., and Hawaiian Underwriters Insurance Co., Ltd, join answering brief of Defendants-Appellees United National Insurance Company, Limited and Hawaiian Underwriters Insurance Co., Ltd.
MOON, C.J., KLEIN, LEVINSON, NAKAYAMA, and RAMIL, JJ.
Supreme Court of Hawai`i.
Opinion of the Court by RAMIL, J.
This appeal arises from the rehabilitation of defendant-appellee The Hawaiian Insurance & Guaranty Company, Ltd. (HIGC), and the liquidation of defendants-appellees Hawaiian Underwriters Insurance Co., Ltd. (HUI) and United National Insurance Company, Limited (UNICO). Shortly after the insolvency of HIGC, HUI, and UNICO, the Insurance Commissioner (the Commissioner) seized the assets of HIGC, HUI, and UNICO, and eventually settled...
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