Reinsurer: Prejudgment Interest Should Start 90 Days After Insurer’s Billings

Mealey's (November 17, 2020, 1:15 PM EST) -- NEW YORK — Following a judgment that it is responsible for part of a $35 million asbestos claims settlement, a reinsurer asks a New York federal judge in a Nov. 12 letter to award prejudgment interest to an insurer beginning 90 days after submission of the invoices (Fireman’s Fund Insurance Company v. OneBeacon Insurance Company, No. 14-4718, S.D. N.Y.)....