Federal Savings & Loan Insurance v. Pacific Employers Insurance

Mr. PRESIDING JUSTICE JOHNSON

delivered the opinion of the court:

Plaintiffs, Federal Savings and Loan Insurance Corporation (hereinafter FSLIC) and Esther Rothstein appeal from a summary judgment entered in favor of the defendant, Pacific Employers Insurance Company (hereinafter Pacific).

Plaintiff FSLIC was the insured and the owner of the O’Hare Congress Motel in Franklin Park, Illinois. Plaintiff Rothstein is the assignee of the Litas Investing Company, purchaser of the motel and a named insured. On December 31, 1971, the motel was partially destroyed by fire and a claim was filed by Litas…