Nationwide Life Insurance v. Steiner

OPINION AND ORDER

WILLIAM E. SMITH, District Judge.

On July 13, 2010, the Court held in this diversity action that Plaintiff Nationwide Life Insurance Company (“Nationwide”) had breached its annuity contract with Defendants Manfred and Sheila Steiner (collectively, the “Steiners”). The parties have stipulated to damages, and now the single question remaining before the Court is the amount of prejudgment interest due to the Steiners.

I. Background 1

The Steiners applied to purchase an annuity from Nationwide on March 18, 2008, listing Manfred Steiner as the annuity contract owner, Sheila Steiner…