Polk v. American Casualty Co. of Reading, PA.

WINTERSHEIMER, Justice.

This appeal is from a decision of the Court of Appeals which affirmed the circuit court's award of prejudgment interest on a surety bond loss against the parents but did not award prejudgment interest against the bonding company.

The medical malpractice lawsuit filed by the parents of Holly Dawn Gish was settled in January of 1985 for $165,000, with a net settlement of $90,200.46. Of this amount, Holly’s parents claimed $25,200.42 for themselves and the American Casualty Co. became obligated on a guardian’s bond for the remaining $65,000. Holly’s parents were appointed…