According to the Maryland Supreme Court, "a party is entitled to prejudgment interest as a matter of right where the obligation to pay and the amount due are 'certain, definite, and liquidated by a specific date prior to judgment,'" Credit: mojo_cp/Stock.adobe.com
After concluding that Meridian Security Insurance Co. had a duty to indemnify an Anne Arundel County couple in an underlying trespass and nuisance lawsuit involving a neighbor, a Maryland federal judge further held that the insurer was responsible for prejudgment interest of $35,000, starting from the date of each attorney invoice.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
