The question of when interest begins to run in a case where the jury has rendered a verdict in excess of the available policies of insurance is a complicated one.

Insurance regulations 11 NYCRR 60-1.1(b) provides as follows:

(b) With respect to such insurance as is afforded, the insurer, subject to the policy terms shall: defend any suit, with the right to make such investigation, negotiation and settlement as it deems expedient; pay all premiums on attachment bonds and appeal bonds; pay all expenses incurred by the company, all costs taxed against the insured in any such suit, and all interest accruing after entry of judgment until the insurer has paid or tendered or deposited in court such part of such judgment as does not exceed the applicable policy limits (emphasis supplied).

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