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

No. 4-92-0148.

602 N.E.2d 871 (1992)

236 Ill. App.3d 718

176 Ill.Dec. 925

CRUM & FORSTER MANAGERS CORPORATION, (Ill.), Illinois Insurance Exchange, Inc., and LWB Syndicate, Inc., Plaintiffs-Appellants, v. RESOLUTION TRUST CORP., as receiver of Mid-State Savings and Loan Association, an Illinois corporation, Mid-State Appraising, Incorporated, d/b/a Mid-State Realty, an Illinois corporation, Joseph W. Corley, Joann Corley, Dependable Realty, Inc., and Donald L. Whitsitt, Defendants-Appellees.

Appellate Court of Illinois, Fourth District.

October 29, 1992.

Attorney(s) appearing for the Case

John F. Bramfeld, Phebus, Tummelson, Bryan & Knox, Urbana, for plaintiffs-appellants.

Richard T. West, Meyer, Capel, Hirschfeld, Muncy, Jahn & Aldeen, P.C., Champaign, for Corley.

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

William A. Spence, Brian P. Norton, Freeborn & Peters, Chicago, Ann S. Duress, Asst. Gen. Counsel, F.D.I.C., Colleen B. Bombardier, Senior Counsel, Maria Beatrice Valdez, Counsel, Washington, D.C., for Resolution Trust Corp.

Justice STEIGMANN delivered the opinion of the court:

On October 11, 1989, plaintiffs Crum & Forster Managers Corporation (Crum & Forster), Illinois Insurance Exchange, Inc. (Exchange), and LWB Syndicate, Inc., filed an action for declaratory judgment, seeking a determination of their duty to defend and indemnify defendants Mid-State Savings and Loan Association, and Mid-State Appraising, Incorporated, d/b/a Mid-State Realty, Inc. (Mid-State), in an underlying...

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