Rochow v. Life Insurance Company of North America

Whether the amount of a remedy based on the improper delay in the payment of a benefit should be based on: (1) only the amount needed to redress the loss that the beneficiary sustained as a result of the wrongful delay (the rule in the Sixth Circuit); (2) either the amount needed to redress the loss that the beneficiary sustained as a result of the wrongful delay or the amount needed to disgorge any gain improperly realized by the plan as a result of that wrongful delay (the rule in the Second, Third, Seventh, Eighth and District of Columbia Circuits); (3) the most analogous state prejudgment interest rate (the rule in the Fifth, Tenth and Eleventh Circuits); or (4) the " 1961 post-judgment interest rate (the rule in the Ninth Circuit).