Michigan Township Participating Plan v. Federal Insurance

Defendant Federal Insurance Company (fic) appeals as of right from orders granting summary disposition in favor of intervening plaintiff Michigan Township Participating Plan (mtpp) on *425issues concerning a reinsurance contract. One order found FIC liable to indemnify mtpp under the contract, and a second order fixed mtpp’s recovery from FIC at $91,500 plus interest. Fta also appeals the imposition of sanctions for bringing a motion for reconsideration. On cross appeal, mtpp argued that the trial court erred in refusing to award penalty interest pursuant to the Uniform Trade Practices Act, MCL…