Interstate Indemnity Co. v. Utica Mutual Insurance

MEMORANDUM AND ORDER

STIEHL, District Judge:

In this diversity action which was tried without a jury, plaintiff seeks to recover $1,000,000 from defendant for funds which plaintiff contributed to the settlement of a products liability suit in the Circuit Court for the Twentieth Judicial Circuit, St. Clair County, Illinois, Heiple v. Howell Electric Motors, Inc., 83-L-153. Plaintiff claims that defendant breached its duty of good faith and fair dealing and was negligent by failing to settle, or make reasonable offers to settle, the underlying action, and failing to timely, accurately, or…