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HUDSON UNITED BANK v. PROGRESSIVE CAS. INS. CO.

No. 00-4135.

152 F.Supp.2d 751 (2001)

HUDSON UNITED BANK, Plaintiff, v. PROGRESSIVE CASUALTY INSURANCE COMPANY, Defendant.

United States District Court, E.D. Pennsylvania.

May 23, 2001.

Attorney(s) appearing for the Case

Wayne J. Martorelli, Matthew A. Taylor, Duane, Morris & Heckscher, Philadelphia, PA, for Hudson United Bank.

Melvin R. Shuster, Harry R. Blackburn & Assoc., PC., Philadelphia, PA, for Progressive Casualty Insurance Company.

Memorandum and Order

YOHN, District Judge.

Plaintiff Hudson United Bank ("Hudson") is the successor by merger to Regent National Bank ("Regent"). Defendant Progressive ("Progressive") issued a bond to insure Regent against certain types of losses. Hudson sues Progressive for payment under the bond, alleging that the circumstances surrounding Regent's losses in its automobile insurance premium finance business ("IPF business") trigger Progressive's bond obligation...

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