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 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.

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