Insured Awarded More Than $1.7M In Prejudgment Interest In Contamination Suit

(November 28, 2022, 4:52 PM EST) -- NEW YORK — A New York federal judge adopted a magistrate judge’s recommendation to award an insured more than $1.7 million in prejudgment interest in an environmental contamination coverage dispute after determining that the magistrate judge properly calculated the amount of prejudgment interest owed from the date of an arbitration award through the date of the confirmation of the arbitration award pursuant to a ruling by the Second Circuit U.S. Court of Appeals....