Eagle Insurance v. St. Julian

On or about October 29, 1996, Daniel St. Julian and Marie St. Julian (hereinafter the respondents), who were insured by the petitioner, Eagle Insurance Company (hereinafter Eagle), allegedly suffered injuries in a collision with a vehicle owned by Brighton Bus Services, Inc. (hereinafter Brighton Bus), whose vehicle was insured by New York Merchant Bakers Insurance Company (hereinafter New York Merchant). By order dated January 14, 1998, New York Merchant was declared insolvent and was placed into liquidation pursuant to Insurance Law article 74. Although the respondents subsequently settled…