Farm Bureau Mutual Insurance Co. of Arkansas v. David

DONALD L. Corbin, Justice.

Appellant, Farm Bureau Mutual Insurance Company of Arkansas, Inc., appeals the order of the Saline County Circuit Court entered in favor of its insured, appel-lee Romeal K. David, awarding twelve percent penalty of $9,240.00 and attorney’s fees of $23,100.00, in addition to prejudgment and postjudgment interest on a confessed judgment of $77,000.00. Appellant raises two points for reversal. We find no merit and affirm.

Procedural History

Appellee was insured under a homeowner’s policy issued by appellant when his house and personal property burned on September 9, 1994.…