Thursday, January 4, 2018

Claim for Statutory Penalty Interest Not Subject to Policy’s Limitation Period

Originally published by Christina Phillips.

On a matter of first impression, the Sixth Circuit Court of Appeals recently concluded that an insured’s claim for statutory penalty interest due on an untimely payment was not subject to the policy’s two-year limitation period. In Palmer Park Square, LLC v. Scottsdale Insurance Company,1 the Sixth Circuit reversed the district court’s conclusion and found…… Continue Reading

.

Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.



from Texas Bar Today http://ift.tt/2lYJ5zV
via Abogado Aly Website

No comments:

Post a Comment