Judge Awards Prejudgment Interest To Insurer On Spent Defense Costs In Defects Case
(December 9, 2015, 10:32 AM EST) -- SALT LAKE CITY — A commercial general liability insurer is entitled to prejudgment interest from another insurer for costs spent in defending a mutual insured in a construction defects lawsuit, a Utah federal judge ruled Dec. 4 (Chapman Construction LC and United Fire & Casualty Co. v. The Cincinnati Insurance Co., No. 15-00172, D. Utah; 2015 U.S. Dist. LEXIS 163068).
(Memorandum decision and order available. Document #69-160108-001Z.)
In 2000, Chapman Construction LC was retained as a general contractor for a Wyndham Resort condominium project. Wyndham sued...