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STATE OF N.C. EX REL. LONG v. ALEXANDER & ALEXANDER

No. 86-1247-CIV-5.

680 F.Supp. 746 (1988)

STATE OF NORTH CAROLINA, on relation of James E. LONG, Commissioner of Insurance, as Rehabilitator of the Beacon Insurance Company, Plaintiff, v. ALEXANDER & ALEXANDER SERVICES, INC., et al., Defendants.

United States District Court, E.D. North Carolina, Raleigh Division.

February 26, 1988.

Attorney(s) appearing for the Case

V. Lane Wharton, Jr., Hunter, Wharton & Howell, William L. Thorp, Thorp, Fuller & Slifkin, Raleigh, N.C., James L. Rohm, Baskin, Flaherty, Elliott & Mannino, Philadelphia, Pa., for plaintiff.

C. Thomas Ross, Craige, Brawley, Liipfert & Ross, Jim D. Cooley, Womble, Carlyle, Sandridge & Rice, Winston-Salem, N.C., James E. Walker, Kennedy, Covington, Lobdell & Hickman, Douglas M. Martin, Palmer, Miller, Campbell & Martin, Charlotte, N.C., for defendants.

ORDER

TERRENCE WILLIAM BOYLE, District Judge.

FACTUAL BACKGROUND

James E. Long, the North Carolina Commissioner of Insurance, filed this action pursuant to his statutory powers under Chapter 58 of the North Carolina General Statutes (N.C.G.S.) as the rehabilitator of the Beacon Insurance Company (Beacon). Beacon became insolvent in 1984 and was placed in voluntary rehabilitation by court order on February 20, 1984. The Commissioner filed this action...

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