Farmers Insurance Exchange v. Titan Insurance

Originating as a no-fault insurance action arising from an automobile accident in August 1995, this case now concerns only third-party proceedings involving two insurance companies. Third-party defendant Titan Insurance Company appeals as of right from the trial court’s order awarding third-party plaintiff Farmers Insurance Exchange “$491,302.42 by way of reimbursement from a no-fault insurer found to be equal in priority” plus twelve percent prejudgment interest pursuant to MCL 600.6013(5). Titan does not contest on appeal the trial court’s rulings that Titan and Farmers are in equal…