STORY FROM: Superstorm Sandy Insurance Litigation
Policyholder Not Entitled to Prejudgment Interest Following Dismissal, Miss. High Court Rules
June 15, 2016
JACKSON, Miss. — A policyholder is not entitled to prejudgment interest in a coverage dispute that had been dismissed after the insurer contractually agreed to pay the full amount of its Hurricane Katrina damage claim because no dispute remained for adjudication, the Mississippi Supreme Court has affirmed.
In a June 2 opinion the high court, sitting en banc, concluded that because there was no judgment upon which interest could accrue, the insured cannot collect prejudgment interest.
In 2005, Sweet Valley Missionary Baptist Church filed a claim under its commercial insurance policy issued by Alfa Insurance Corp. for damage to its ...
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