$2.9M Prejudgment Interest Awarded To Excess Insurer In Reinsurance Billings Case

Mealey's (December 1, 2020, 10:47 AM EST) -- NEW YORK — An excess insurer was awarded prejudgment interest of $2,966,993.31 by a New York federal judge on Nov. 30 after an earlier judgment found a reinsurer is responsible for its part of the insurer’s $35 million asbestos claims settlement (Fireman’s Fund Insurance Company v. OneBeacon Insurance Company, No. 14-4718, S.D. N.Y., 2020 U.S. Dist. LEXIS 223292)....