Watkins Motor Lines, Inc. v. Underwriters at Interest, at Lloyds

Watkins Motor Lines, Inc. appeals the entry of a final judgment entered in favor of Underwriters at Interest, at Lloyds for the loss of a shipment of computer equipment that belonged to Tech Data, Lloyds’ insured. Lloyds cross-appeals the court’s determination of pre-judgment interest. We affirm the entry of judgment in Lloyds’ favor, but reverse the court’s determination of pre-judgment interest.

In 1999, Watkins entered into a contract with Tech Data in which Watkins agreed to transport a series of shipments for Watkins. The parties dispute the applicability of two contractual provisions:

*1144(1)…