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September 29, 2020

POSTJUDGMENT INTEREST ON THE ENTIRE JUDGMENT:  THE INSURER'S OBLIGATION.

Appellate Court Building New York City. Image courtesy of New York Public Library Collection.

 

(Courthouse Image courtesy of New York Public Library)

The Maryland Court of Special Appeals held in 2020 that "the insurer must pay postjudgment interest on the entire amount of the judgment even if it is obligated to indemnify its insured for only part of the judgment."  Pennsylvania Nat'l Mut. Cas. Ins. Co. v. Jeffers, 244 Md. App. 471, 475, 223 A.3d 1146, 1148 (Md. Ct. Spec. App. 1, 2020), cert. denied, 468 Md. 549, 228 A.3d 166 (Md. 2020).

Postjudgment interest is the subject of § 13:11.50 in 2 Dennis J. Wall, Litigation and Prevention of Insurer Bad Faith (3d ed. and 2020 Supps. Thomson Reuters West). 

Please read the disclaimer.  ©2020 Dennis J. Wall.  All rights reserved.

Posted by on September 29, 2020 at 11:11 AM in Interest |

Tags: #CourtofSpecialAppeals, #DennisJ.Wall, #Jeffers, #LitigationBadFaith, #Maryland, #NationalMutualInsurance, #NationalMutualv.Jeffers, #PostjudgmentInterest, #PreventionBadFaith

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