{"id":6708,"date":"2017-12-04T10:00:32","date_gmt":"2017-12-04T10:00:32","guid":{"rendered":"https:\/\/www.robertkreisman.com\/injury-lawyer\/?p=6708"},"modified":"2019-10-17T10:54:08","modified_gmt":"2019-10-17T10:54:08","slug":"illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered","status":"publish","type":"post","link":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered\/","title":{"rendered":"Illinois Appellate Court Reverses Finding That Arbitrator\u2019s Award Accrues Interest on the Award from the Date it was Entered"},"content":{"rendered":"<p>In an uninsured motorist case, Holly Shakelford sued Allstate Fire &amp; Casualty Insurance Co. for 9 percent interest on a $16,000 arbitration award. She was seeking the 9% statutory interest provided by Section 2-1303 of the <a href=\"http:\/\/ilga.gov\/legislation\/ilcs\/ilcs3.asp?ActID=2017&amp;ChapterID=56\">Illinois Code of Civil Procedure.<\/a><\/p>\n<p>A more accurate term for Section 2-1303 is the \u201cJudgment Interest Statute,\u201d the Supreme Court explained in <em>Illinois State Toll Highway Authority v. Heritage Standard Bank<\/em>, 157 Ill.2d 282 (1993). The law provides for 9% interest on arbitration awards, jury verdicts and reports from special masters \u2013 as part of the judgment entered on the award, verdict or report \u2013 running back to the date of the initial decision. In addition to providing 9% interest on judgments, Section 2-1303 also provides for prejudgment interest on awards, verdicts and reports.<\/p>\n<p>This case was complicated because Shakelford\u2019s claim was that the arbitrator ruled $16,000 was the \u201cgross award,\u201d subject to setoffs and liens \u201cto be resolved by the parties and their attorneys.\u201d\u00a0 The second issue or twist to the case was that Shakelford sued without first applying for confirmation of the award under the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Uniform_Arbitration_Act\">Uniform Arbitration Act.<\/a><\/p>\n<p> <a href=\"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered\/#more-6708\" class=\"more-link\">Continue reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an uninsured motorist case, Holly Shakelford sued Allstate Fire &amp; Casualty Insurance Co. for 9 percent interest on a $16,000 arbitration award. She was seeking the 9% statutory interest provided by Section 2-1303 of the Illinois Code of Civil Procedure. A more accurate term for Section 2-1303 is the \u201cJudgment Interest Statute,\u201d the Supreme [&hellip;]<\/p>\n","protected":false},"author":795,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[130,163,22],"tags":[],"class_list":["post-6708","post","type-post","status-publish","format-standard","hentry","category-arbitration","category-damages","category-illinois-civil-procedure"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Illinois Appellate Court Reverses Finding That Arbitrator\u2019s Award Accrues Interest on the Award from the Date it was Entered &#8212; Chicago Injury Lawyer Blog<\/title>\n<meta name=\"description\" content=\"In an uninsured motorist case, Holly Shakelford sued Allstate Fire &amp; Casualty Insurance Co. for 9 percent interest on a $16,000 arbitration award. She\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Illinois Appellate Court Reverses Finding That Arbitrator\u2019s Award Accrues Interest on the Award from the Date it was Entered &#8212; Chicago Injury Lawyer Blog\" \/>\n<meta name=\"twitter:description\" content=\"In an uninsured motorist case, Holly Shakelford sued Allstate Fire &amp; Casualty Insurance Co. for 9 percent interest on a $16,000 arbitration award. She\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Kreisman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Illinois Appellate Court Reverses Finding That Arbitrator\u2019s Award Accrues Interest on the Award from the Date it was Entered &#8212; Chicago Injury Lawyer Blog","description":"In an uninsured motorist case, Holly Shakelford sued Allstate Fire &amp; Casualty Insurance Co. for 9 percent interest on a $16,000 arbitration award. She","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered\/","twitter_card":"summary_large_image","twitter_title":"Illinois Appellate Court Reverses Finding That Arbitrator\u2019s Award Accrues Interest on the Award from the Date it was Entered &#8212; Chicago Injury Lawyer Blog","twitter_description":"In an uninsured motorist case, Holly Shakelford sued Allstate Fire &amp; Casualty Insurance Co. for 9 percent interest on a $16,000 arbitration award. She","twitter_misc":{"Written by":"Robert Kreisman","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered\/#article","isPartOf":{"@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered\/"},"author":{"name":"Robert Kreisman","@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/#\/schema\/person\/5e5596abf7be77fdabc788f0a78f042b"},"headline":"Illinois Appellate Court Reverses Finding That Arbitrator\u2019s Award Accrues Interest on the Award from the Date it was Entered","datePublished":"2017-12-04T10:00:32+00:00","dateModified":"2019-10-17T10:54:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered\/"},"wordCount":809,"articleSection":["Arbitration","Damages","Illinois Civil Procedure"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered\/","url":"https:\/\/www.robertkreisman.com\/injury-lawyer\/illinois-appellate-court-reverses-finding-arbitrators-award-accrues-interest-award-date-entered\/","name":"Illinois Appellate Court Reverses Finding That Arbitrator\u2019s Award Accrues Interest on the Award from the Date it was Entered &#8212; Chicago Injury Lawyer Blog","isPartOf":{"@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/#website"},"datePublished":"2017-12-04T10:00:32+00:00","dateModified":"2019-10-17T10:54:08+00:00","author":{"@id":"https:\/\/www.robertkreisman.com\/injury-lawyer\/#\/schema\/person\/5e5596abf7be77fdabc788f0a78f042b"},"description":"In an uninsured motorist case, Holly Shakelford sued Allstate Fire &amp; Casualty Insurance Co. for 9 percent interest on a $16,000 arbitration award. 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