Quackenbush v. Aurora National Life Assurance Co.

Opinion

THOMPSON, J. *

This is the fourth opinion of the Court of Appeal spawned by insolvency proceedings involving Executive Life Insurance Company (ELIC), a series which threatens to eclipse in scope, if not in time, the 30-year history of similar past litigation involving Pacific Mutual Life Insurance Company of California. In Texas Commerce Bank v. Garamendi (1992) 11 Cal.App.4th 460 [14 Cal.Rptr.2d 854] and Commercial Nat. Bank v. Superior Court (1993) 14 Cal.App.4th 393 [17 Cal.Rptr.2d 884] we recounted some of the background of these proceedings. We further summarize the background here…