FRANK B. HALL <FBH> SUED BY NY INSURANCE DEPT
Frank B. Hall and Co Inc said the
superintendent of insurance of New York, as liquidator of Union
Capital Indemnity Insurance Co of New York, has filed a lawsuit
against the company, Touche Ross and Co, a group of Hall units,
and former officers and directors of Union Indemnity seeking
damages of 140 mln dlrs in connection with Union's insolvency.
    Union Indemnity was a unit of Hall prior to being placed
into liquidation by the New York Insurance Department in July
1985.
    Hall said it intends to oppose this action vigorously.
 Reuter
