An insurer and a company that installed a fire-extinguishing sprinkler system in a building that burned hadn’t been specific enough in their contract to warrant an upward adjustment from federal guidelines for post-judgment interest, U.S. District Judge A. Richard Caputo of the Middle District of Pennsylvania has decided.
He ruled that TIG Insurance would be entitled to $9.5 million plus interest on that amount at a rate of 0.14 percent.
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