{"id":5644,"date":"2025-05-05T19:07:13","date_gmt":"2025-05-05T19:07:13","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/lloyds-of-london-faces-an-additional-800k-in-interest-in-coverage-dispute-state-appellate-court-rules\/"},"modified":"2025-05-05T19:07:13","modified_gmt":"2025-05-05T19:07:13","slug":"lloyds-of-london-faces-an-additional-800k-in-interest-in-coverage-dispute-state-appellate-court-rules","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/lloyds-of-london-faces-an-additional-800k-in-interest-in-coverage-dispute-state-appellate-court-rules\/","title":{"rendered":"Lloyd&#8217;s of London Faces an Additional $800K in Interest in Coverage Dispute, State Appellate Court Rules"},"content":{"rendered":"\n<div data-v-1c1aa57e=\"\">\n<div data-v-1c1aa57e=\"\">\n<p>Recognizing that state courts haven\u2019t always followed the law in awarding interest, the Massachusetts Appeals Court weighed in on when the prejudgment interest clock started ticking for a $2.5 million judgment against Lloyd\u2019s of London.<\/p>\n<\/div>\n<p>  <!----> <!----> <!----><\/p>\n<div data-v-1c1aa57e=\"\">\n<p>The Massachusetts appellate panel concluded <a href=\"https:\/\/assets.alm.com\/53\/8c\/93d9874e4017b45aeab17b3d480b\/i24p0135.pdf\" rel=\"nofollow noopener\" target=\"_blank\">last week<\/a> that a portion of the prejudgment interest in a dispute between an insurer and policyholder should be recalculated from April 27, 2021, to July 3, 2018\u2014adding an additional $800,000 onto Lloyd&#8217;s bill. The policyholder and insurer disputed when the prejudgment interest started accruing. The plaintiff, PeoplesBank, argued interest should be calculated from July 2018, the &#8220;date of the breach,&#8221; when Lloyd&#8217;s wrongfully denied coverage. On the contrary, Lloyd looked to a provision that the global insurance company would pay any covered losses within 30 days of reaching an agreement, marking the April 2021 date as when the parties initially agreed to $2.274 million in damages. <\/p>\n<\/div>\n<p> <!----> <!----> <!----> <!----><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Recognizing that state courts haven\u2019t always followed the law in awarding interest, the Massachusetts Appeals Court weighed in on when the prejudgment interest clock started ticking for a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1861,1427,1389,143,3045,323,458,968,5805,2522,351,1911],"class_list":["post-5644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-800k","tag-additional","tag-appellate","tag-court","tag-coverage","tag-dispute","tag-faces","tag-interest","tag-lloyds","tag-london","tag-rules","tag-state"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=5644"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/5645"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=5644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=5644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=5644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}