Illinois Appellate Court
Civil Court
Insurance
Plaintiffs filed action against insurer after insurer denied Plaintiffs' claim under a directors and officers insurance policy. Court properly denied Plaintiffs' claim that insurer acted in bad faith under section 155 of Insurance Code and in granting partial summary judgment for insurer. A bona fide dispute existed as to whether the litigation in question fell within the policy based on the coverage period. Given complexity of transactions and claims, insurer did not engage in vexatious and unreasonable conduct as to the timing of its coverage decision two months after the underlying complaint was served. (GORDON and LAMPKIN, concurring.)