Johnson & Higgins of Texas, Inc. v. Kenneco Energy, Inc.

in which PHILLIPS, Chief Justice, ENOCH, BAKER and HANKINSON, Justices, join. SPECTOR, Justice, joined Parts I, II, III, and IV of the Court’s opinion.

We withdraw our opinion of December 11, 1997, and substitute the following in its place. The parties’ motions for rehearing are overruled.

This insurance case involves statute of limitations and collateral estoppel issues, and reevaluates the common-law method of calculating prejudgment interest under Cavnar v. Quality Control Parking, Inc., 696 S.W.2d 549 (Tex.1985). The court of appeals reversed the trial court’s judgment in favor of Johnson &…