All American Life And Casualty Co. V. Oceanic Trade Alliance Council International Inc‪.‬

This is an appeal, in a diversity case, centering upon a "key man" life insurance policy. The plaintiff, All American Life and Casualty Company, has appealed from a jury verdict and order entering partial final judgment in favor of the defendant, Oceanic Trade Alliance Council International, Inc., in the amount of $2,500,000 plus pre-judgment interest and costs. The defendant has cross-appealed the denial of an award of penal interest which the defendant alleges is authorized under a Michigan statute. For the reasons stated below, the judgment of the United States District Court for the Eastern District of Michigan is hereby affirmed.