Judge: Excess Professional Liability Insurer Not Entitled To Prejudgment Interest

Mealey's (July 2, 2019, 10:20 AM EDT) -- CHICAGO — A federal judge in Illinois on June 25 denied a first-level excess professional liability insurer’s motion seeking approximately $3 million in prejudgment interest against the world's largest privately held commercial real estate services firm after ruling last year that the firm can access $48 million in excess coverage for underlying defense and settlement costs arising from lawsuits alleging appraisal-related errors (Cushman & Wakefield Inc. v. Illinois National Insurance Company, et al., No. 14-8725, N.D. Ill.)....