Legal Opinion
Desvi, Inc., on Behalf of Itself and All Others Similarly Situated v. Continental Insurance Company
Court of Appeals for the Third Circuit
Decided June 12, 1992No. 91-3813PublishedCited by 55 opinions
1Opinion of the Court
OPINION OF THE COURT
WEIS, Circuit Judge
A statute of the Virgin Islands requires insurance companies to pay interest on claims to date of judgment when a policy holder brings a suit against the carrier. The district court concluded that the statute did not apply when litigants settled their dispute before entry of judgment. We agree and will affirm.
After its property was damaged by Hurricane Hugo in September 1989, plaintiff submitted a claim to its carrier, defendant Continental Insurance Company. Plaintiff estimated the cost of repairs to be approximately $500,000. When defendant refused to…
2Cases cited6 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- MEYER, Joseph W., Appellant v. RIEGEL PRODUCTS CORPORATION and James River Corporation of VirginiaCourt of Appeals for the Third Circuit · 1983
- Finberg v. SullivanCourt of Appeals for the Third Circuit · 1980
- J.E. Mamiye & Sons, Inc. v. The Fidelity Bank v. Commonwealth Marine and General Assurance Co., LtdCourt of Appeals for the Third Circuit · 1987
- Kosta P. Velis, Debtor-Appellant v. Mary Kardanis, Creditor-AppelleeCourt of Appeals for the Third Circuit · 1991
1 more not listed; retrieve them via the Exa API.
3Cited by55 opinions
- Tonka Corp. v. Rose Art Industries, Inc.District Court, D. New Jersey · 1993
- International Raw Materials, Ltd. v. Stauffer Chemical Co.Court of Appeals for the Third Circuit · 1992
- Caputo v. FauverDistrict Court, D. New Jersey · 1992
- Chemical Leaman Tank Lines, Inc. v. Aetna Casualty & Surety Co.District Court, D. New Jersey · 1993
- McLain v. Metropolitan Life InsuranceDistrict Court, D. New Jersey · 1993
50 more not listed; retrieve them via the Exa API.