Stiffler v. Continental Insurance Company, No. 17761 (July 2008) - Connecticut Supreme Court
N/AOUTCOME:
A personal injury lawsuit involving permanent injuries, contractual obligations, penalty judgment interest and bad faith. Mike secured a $485K+ verdict with a $20K policy limit. The offer of judgment ... was for the policy limit of $20K. The Court reduced the verdict to $20K and only granted penalty interest on the judgment, not the verdict. Mike appealed and the issue was taken upon to the Supreme Court since it had never been decided. Does the plaintiff get penalty interest on the verdict or the judgment? The CT Supreme Court ruled that the contractual obligation warranted the penalty interest on the judgment and not the verdict.
