1st Circ. Tells Insurer To Pay Interest, Despite Delay

Law360, New York (July 16, 2013, 4:57 PM ET) -- The First Circuit on Monday held in a published decision that an insurance company must cover post-judgment interest on a $6 million verdict in an injury suit, even though the plaintiffs demanded the interest years after the insurer paid its policy limit to cover the judgment. 

The appeals court overturned a ruling that Cooperativa De Seguros Múltiples De Puerto Rico was not responsible for the post-judgment interest, saying it didn't matter that the plaintiffs sought the interest nearly five years after the insurer forked over the...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required

Sections