Credit: Cagkan/Adobe Stock Insurer's Prejudgment Interest Calculated by Payment Due Date, Not Original Denial of Claim
In part, Meridian argued that the Batstones miscalculated the prejudgment interest by calculating them from the date of the defendants' original denial. The judge agreed.
February 20, 2024 at 06:08 PM
4 minute read
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.
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