A job for two cursors?

I have a situation I am pondering the solution to without much success. Maybe someone can offer some pointers. :-)

I have a table containing itemized transactions (Fee Detail) and another containing a summary records of these transactions that came from a bank (Closeout). I wish to build records in a third table based on the summary table, then add the itemized lines to it (pulled from the itemized table. The tables would look something like this (yes, I know it's not normalized *grin*):

Closeout:
Key
summary information
etc

Fee Detail:
Key
Line
Line information

Itemized
Key
Line
Summary information
Line information

How is the best way to go about doing this?

I am thinking of using a cursor FOR LOOP to insert the new Closeout rows into the third table (as line 1), then using a second cursor within that loop to pull the associated rows from Fee Detail and then insert them as lines 2 thru whatever, inside of an innner curser FOR LOOP. Does this sound reasonable or am I making things far too complicated?

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