Under Michigan’s “offer of judgment” rule, MCR 2.405, costs and attorney fees may be imposed on a party that rejects an offer to stipulate to entry of a judgment and fails to obtain a more favorable “verdict.” In Simcor...more
1/23/2018
/ Appeals ,
Arbitration ,
Arbitration Agreements ,
Arbitration Awards ,
Attorney's Fees ,
Breach of Contract ,
Construction Litigation ,
Legal Costs ,
Legal Fees ,
Motion to Vacate ,
Offer of Judgment ,
State and Local Government
The Michigan Uniform Trade Practices Act (UTPA) provides for 12% penalty interest on certain no-fault insurance claims that are not timely paid by the insurer. For “third party tort claimants,” penalty interest only applies...more
5/24/2017
/ Arbitration ,
Arbitration Awards ,
Auto Insurance ,
Car Accident ,
Denial of Insurance Coverage ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Interest Payments ,
No-Fault Insurance ,
Prompt Payment ,
Uninsured and Under-Insured Motorists