Iowa Appeals Panel Upholds Use Of Statutory Interest Rate On Award Against Insurer

Mealey's (March 1, 2017, 8:11 AM EST) -- DES MOINES, Iowa — An interest award on a judgment determining coverage under an insurance policy for defective workmanship was properly applied under Iowa’s statutory rate rather than Minnesota’s rate, an Iowa appeals panel affirmed Feb. 22 (Bluescope Buildings North America Inc. v. Cincinnati Insurance Co., No. 16-0503, Iowa App.; 2017 Iowa App. LEXIS 208)....

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