Court of Appeals of Wisconsin June 22, 2004, 03-1432 (Noonan v. Northwestern Mutual Life Insurance)

PETERSON, J.

¶ 1. Catherine and Daniel Noonan own annuity policies with Northwestern Mutual Life Insurance Company. They sued Northwestern, claiming breach of contract and breach of fiduciary duty. Their complaint alleges that beginning in 1985, Northwestern unilaterally changed the way it distributes its surplus profit to annuity policyholders.