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ST. PAUL FIRE AND MARINE INSURANCE CO., Plaintiff-Counter Claimant-Appellee, v. LAGO CANYON INC., Defendant-Counter Claimant-Appellant

United States Court of Appeals for the Eleventh Circuit2011-03-29No. No. 10-10040
419 F. App'x 946

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Opinion

majority opinion

PER CURIAM:

Lago Canyon appeals from an adverse summary final judgment, entered following remand from this Court, concluding that there was no coverage for the partial sinking of Lago Canyon’s yacht under the marine insurance contract issued by St. Paul Fire and Marine Insurance Company. St. Paul also cross-appeals the district court’s determination of the pre-judgment interest rate of nine percent to be applied to Lago Canyon’s $7,500 claim for towing charges.

After careful consideration of the parties’ briefs and the record in this case and having the benefit of oral argument, we find no reversible error in the district court’s declaratory judgment of no coverage to St. Paul. Likewise, we see no error in the district court’s determination of the pre-judgment interest rate.

AFFIRMED.