Farquhar v. Alaska National Insurance Co.

OPINION

«FABE, Chief Justice.

I. INTRODUCTION

Thomas Farquhar was badly injured in a traffic accident with a driver for Industrial Boiler and Controls, Inc. He settled with Industrial Boiler's insurer, Alaska National Insurance Company (ANIC), for Industrial Boiler's policy limit of one million dollars. Farquhar claims that ANIC should be liable for prejudgment interest on the settlement, although such liability would bring ANIC's total payment above its policy limit of one million dollars. We conclude that ANIC's contract did not oblige it to pay prejudgment interest beyond the policy limit.…