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Home » Insurer’s Prejudgment Interest Calculated by Payment Due Date, Not Original Denial of Claim
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Insurer’s Prejudgment Interest Calculated by Payment Due Date, Not Original Denial of Claim

News RoomBy News RoomFebruary 21, 20241 Min Read
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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.

U.S. District Judge Julie R. Rubin for the District of Maryland partially granted and partially denied Louis P. Batstone and Griffith R.D. Batstone’s motion for summary judgment on liquidated damages in a Feb. 14 opinion, after previously granting their motion for partial summary judgment regarding their breach-of-contract claim, and ordering that Meridian had a duty to defend them in an underlying lawsuit filed in Anne Arundel County Circuit Court.

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