Court Affirms Prejudgment Interest Nearly Double Amount of Unpaid Premiums

A California appeals court affirmed a prejudgment interest award of more than $907,000 six months after upholding a trial judge's entry of a judgment notwithstanding a jury's verdict finding that State Compensation Insurance Fund was entitled to more than half a million in premium from an employer. The Court of Appeal for the 4th District of California on Thursday rejected ReadyLink Healthcare's contention that the prejudgment interest award was not warranted, saying the carrier's damages resulting from the policy breach were certain and that the award was nondiscretionary. T...