Safeco Insurance v. Lovely Agency

Defendants Lovely Agency and Donald McHenry appeal from the judgment of the Gallatin County District Court, awarding Safeco Insurance Company (Safeco) prejudgment interest, and from the court’s order requiring a supersedeas bond in an amount covering the judgment and prejudgment interest. We affirm.

The issues are:

1. Is the plaintiff entitled to prejudgment interest?

2. Did the District Court abuse its discretion by requiring a supersedeas bond in an amount large enough to cover the entire judgment including prejudgment interest?

Safeco settled a claim against its insured, Leonard Doran, by…