Health Value Med., P.C. v Country Wide Ins., 2022 NY Slip Op 51137(U)(App. Term 2d Dept. 2022)
“We note that, contrary to the statement of the Civil Court, post=judgment interest in a no-fault action [*2]is governed by Insurance Law § 5106 and its implementing regulations, not the CPLR (see Matter of B.Z. Chiropractic, P.C. v Allstate Ins. Co., 197 AD3d 144).”
What is rather disappointing is that despite the Appellate Decision, which is as clear as the night is long that postjudgment PIP interest runs at 2% per month, certain enforcement agents refuse to calculate interest at more than 9% per annum. Result? motions for unpaid interest and additional attorneys fees.
