National Union Fire Insurance v. Richman

Plaintiff National Union Fire Insurance Company appeals as of right from the circuit court’s judgment in favor of defendant upholding the validity of the parties’ redemption agreement and awarding interest. We affirm, but remand for recalculation of interest.

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This case arises from a worker’s compensation claim filed by the deceased before he died but after he sustained a lower back injury in the course of his employment with Midwest Steel Erectors, plaintiff’s insured. During the course of the proceedings, the deceased was diagnosed as having Hodgkin’s Disease. After the parties entered into…