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READING & BATES CORP. v. ALL AMERICAN MARINE SLIP

No. 95 Civ. 2109 (HB).

953 F.Supp. 92 (1997)

In the Matter of Arbitration between READING & BATES CORPORATION and Reading & Bates Drilling Co., Petitioners, v. ALL AMERICAN MARINE SLIP, a division of Marine Office of America Corporation, Respondent.

United States District Court, S.D. New York.

January 29, 1997.

Attorney(s) appearing for the Case

Donald J. Kennedy, Haight, Gardner, Poor & Havens, New York City, for Reading & Bates Corporation, Reading & Bates Drilling Co.

John Nicotetti, Nicoletti Hornig & Sweeney, New York City, for All American Marine Slip.

OPINION AND ORDER

BAER, District Judge:

Petitioners Reading & Bates Corporation and Reading and Bates Drilling Co. ("R & B") and respondent All American Marine Slip ("AAMS") have submitted briefs on the specific issue of whether or not prejudgment interest may be part of the insurer's obligation even when such an obligation will exceed the policy limits under a marine loss insurance policy.1 For the reasons stated...

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