Insurer Must Pay More Than $24M In Prejudgment Interest In Contamination Suit

Mealey's (February 17, 2021, 1:43 PM EST) -- NEW YORK — A New York federal judge on Feb. 12 determined that an insurer must pay its insured approximately $24.2 million in prejudgment interest on a $25 million judgment entered for the insured for past environmental contamination XE "environmental contamination"  costs incurred at one of the insured’s sites....