Lily Lynch was seriously injured in an automobile accident on September 30, 1983.
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Farmers Insurance Group, the insurer of the automobile Lynch was driving began paying Lynch’s no-fault insurance benefits and, on April 23, 1984, commenced a declaratory judgment action in the Genesee Circuit Court against the Home Mutual Insurance Company. Home Mutual was the insurer of automobiles owned by Lynch’s husband. The priority dispute between Farmers and Home Mutual was eventually resolved on the basis of the Supreme Court’s decision in
Michigan Mutual Ins Co v Allstate Ins Co,
Interest on a money judgment in a civil action is awarded "from the date of filing the complaint to the date of satisfaction of the judgment.” MCL 600.6013; MSA 27A.6013. The purpose of prejudgment interest is to compensate the prevailing party for the delay in recovering money damages.
McCahill v Commercial Union Ins Co,
Affirmed.
