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Archives for February 2016

INS – error granting pre-award interest for appraisal award per ins. policy w/o underlying K breach or wrongdoing; payments made per K aren’t damages

February 2, 2016 by Matthew Bass

The Minnesota Court of Appeals considered the application of Minnesota’s prejudgment interest statute, Minn. Stat. § 549.09, subd. 1(b), finding it does not apply to appraisal awards made pursuant to the terms of an insurance policy without an underlying breach of contract or actionable wrongdoing. Poehler v. Cincinnati Insurance Company, A15-0958 (Minn. App. Jan. 25, 2016). … [Read more...]

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