Excess Insurer's $10M Award Must Be Increased To Reflect Interest, 8th Circuit Says

Excess Insurer's $10M Award Must Be Increased To Reflect Interest, 8th Circuit Says

ST. LOUIS - The Eighth Circuit U.S. Court of Appeals on Nov. 1 found that a $10 million award in favor of an excess insurer must be increased to reflect both prejudgment and post-judgment interest, partly reversing a lower court's ruling in a coverage dispute arising from a gas explosion at the insured's facility (Travelers Property Casualty Insurance Company of America, f/k/a Travel Indemnity Company of Illinois v. National Union Insurance Company of Pittsburgh, et al., Nos. 12-1070 and 12-1151, 8th Cir.; 2013 U.S. App. LEXIS 22260).

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