OPINION
Case Summary
Briаn Tincher argues that the trial court erred when it awarded him post-judgment interest from the date of its entry of judgment in July 2002 instead of from the date of the original jury verdict in September 1999. Tincher also argues that the trial court erred when it failed to award him pre-judgment interest. Because we find that Indiana Code § 24-4.6-1-101 requires post-judgment interest to accrue from the date of the verdict, we conclude that the trial court erred by awarding it from the date of entry of judgment. However, because Tincher failed to meet the requirements of the pre-judgment interest statute, we find that the trial court did not err when it denied pre-judgment interest. 1
*553 Facts and Procedural History
In September 19983, a vehicle operated by Brian Davidson rear-ended a vehicle operated by Tincher, causing рersonal injury to Tincher. In August 1994, after Tincher received medical treatment for back and neck problems, Tincher offered to settle all claims against Davidson, through Davidson's insurer Allstate Insurance Company, for $24,000. In response, Allstate countеr-offered $4500.
In February 1995, Tincher filed suit against Davidson. The day after filing suit, Tincher's counsel sent the following correspondence to Allstate:
I discussed Allstate's offer and explanation with [Tincher]. We feel that there is a substantial difference betweеn our assessments of this case, and therefore reject Allstate's offer of $4500 without counter. We have filed suit in this matter and enclosed is a courtesy copy of the Complaint for Damages.
Appellant's App. p. 52. In September 1999, the cаse was tried before a jury who rendered a general verdiet for Tincher in the sum of $150,000. Davidson then moved for and was granted a mistrial based on inconsistencies within the jury verdiet form. Tincher appealed, and the court of appeals affirmed the trial court's decision. Tincher v. Davidson,
Discussion and Decision
Tincher argues that the trial court erred when it decided to award him post-judgment interest accruing from the date of its entry of judgment in July 2002 instead of from the date of the jury verdict in Seрtember 1999. Tincher also argues that the trial court erred when it failed to award him pre-judgment interest. In this case, the parties agree as to the material facts of the case. Thus, this Court's task on review is to determine whether the trial court properly applied the law to the undisputed facts. In re Estate of Foleno ex rel. Thomas v. Estate of Foleno,
I. Post-Judgment Interest
Tincher argues that the trial court erred by awarding him post-judgment interest from the date of its entry of judgment in July 2002 upon remand from the Indiana Supreme Court instead of from the date of the original jury verdict in September 1999. "The right to post-judgment interest arises as a matter of statutory law." Grubnich v. Renner,
Yet, Davidson contends that our supreme court's decision in Beam v. Wau-sau Insurance Company requires interest to acerue from the date the trial court entered judgment. In support of his argument, Davidson refers us to the follоwing language of Beam:
If a judgment is reversed on appeal and remanded to the trial court for the entry of a new judgment, post-judgment interest accrues from the date the trial court enters the new judgment.
Id. at 535. Based on this statement, Davidson argues that because this case arises from a reversal on appeal and entry of a new judgment, the post-judgment interest should run from the date of the remand and not from the date of the original verdict. We disagree.
To understand this one sentence that Davidson extracts from Beam, we must necessarily look to the entire opinion. In Beam, there was an automobile accident. At trial, the parties stipulated that the jury would assess lability and damages, while the trial court would determine the propriety of setoffs that Beam received from other sources, such as worker's compensation medical and disability benefits. After the jury returned its verdict, the trial court reduced the damages by the entire amount of Beam's worker's cоmpensation benefits, even though he had only been assessed 45% of the fault. On appeal, our supreme court determined that the trial court should have only reduced the jury verdict by 55%, and not 100%, of the worker's compensation benefits amount thаt Beam already received. Id. at 533-34. In doing so, the supreme court determined that it was not reversing the trial court's judgment but rather modifying the jury's verdict. Id. at 534. Citing Indiana Code § 24-4.6-1-101, our supreme court concluded that post-judgment interest on a modified award should run from the date of the original verdict, and not from the date that the verdict was modified. Id. at 534-35. The supreme court added that had a judgment been reversed on appeal and remanded for entry of a new judgment, then the post-judgment interest on the new judgment would begin to ac-erue from the date the trial court enters the new judgment. Id. at 534.
Davidson's reliance on Beam is misplaced. This case involves neither a reversal nor a new judgment, and therefore the quoted Beam language does not apply. In this case, there was a general jury verdict in September 1999. Following the verdict, Davidson moved for and was granted a mistrial; however, the trial court never vacated the verdict nor granted Davidson a judgment notwithstanding the verdict. Rather, the trial court simply refused to enter judgment upon the jury's verdict as required by Indiana Trial Rule 58 and erroneously concluded that the jury could not agree as to damages. See Ind.Code § 34-36-1-7(4) (allowing trial court to discharge jury where unable to agree оn verdict). The case then proceeded through the appellate process. Eventually, the Indiana Supreme Court "remand[{ed] this case to vacate the order granting a mistrial and to enter judgment on the jury's general verdict for the рlaintiff in the amount of $150,000.00." Tincher,
Davidson also contends that the trial court appropriately did not require post-judgment interest from the time of the verdict because upon appeal Davidson could not know "how much to 'pay up' to avoid incurring postjudgment interest." Appellee's Br. p. 13. Citing Poehlman v. Feferman,
II. Pre-Judgment Interest
Tincher also argues that the trial court erred when it failed to award him pre-judgment interest under the Indiana Tort Prejudgment Interest Statute
2
A plaintiff does not qualify for pre-judgment interest if (1) "within one (1) year after a claim is filed in the court"; (2) the plaintiff fails to make a "written offer of settlement" to the opposing party; (8) "the terms of the offer fail to provide for payment of the settlement offer within sixty (60) days after the offer is accepted;" or, (4) "the amount of the offer exceeds one and one-third (1 4) of the amount of the judgment awarded." Ind.Code § 34-51-4-6 (emphasis added); see also Cahoon v. Cummings,
The Court NOW FINDS, that the Plaintiff, Brian S. Tincher, failed to meet the requirements which are set forth in I.C. §§ 34-51-4 and interpreted by Cahoon v. Cummings,734 N.E.2d 535 (Ind.2000), and is, therefore, not entitled to pre-judgment interest.
Appellant's App. p. 11.
Tincher makes two arguments to show that he did comply with the pre-judgment intеrest statute's requirements. In support of his first argument, Tincher points us to a letter he wrote to Davidson's insurer one day after filing his lawsuit, which states in pertinent part that he rejects Allstate's "offer of $4500 without counter." Appellant's App. p. 52 (emphasis added). Based on the contents of this letter, Tincher then argues that he "rejected Davidson's offer in writing and advised that his offer of settlement remained at $24,000." Appellant's Br. p. 12. However, we are at a loss to understand how Tincher's rejec *556 tion of Allstаte's $4500 offer "without counter" amounts to a revival of his original offer of $24,000. On the contrary, the "without counter" language signifies that no new offers were being made and that he wished to proceed to trial. Thus, this letter does not show that Tincher met the rеquirements of the pre-judgment interest statute.
Tincher's second argument is based on a letter he received from Allstate about ten days after mailing the above letter. It states:
We have left voice mail messages for each other, but havе never talked.
I have been assigned the file for handling, now that it is in litigation. I have reviewed the file, and note that we offered $4500, to your demand of $24,000. Discussion of further possible settlement figures has not been done.
We have assigned defense counsel, but I called you to see if you would not like to engage in further settlement discussions nonetheless.
I will be out of the office Monday and Tuesday, but would be happy to talk with you about this file after that.
Appellant's App. p. 58. Tincher claims that this letter illustrates that "Davidson's insurer acknowledged, in writing, Tincher's demand of $24,000 and its offer of $4500" and that "Davidson again rejected Tincher's written offer of settlement of $24,000. .,." Appellant's Br. p. 12. While we agree that this letter demonstrates that at some point Allstate counter-offered $4500 in response to Tincher's demand of $24,000, the letter does not indicate that such an offer post-dated the filing of this lawsuit. Nor do we see any indication that Allstate "again" rejected some revived $24,000 offer by Tincher. Regardless, the prejudgment interest statute requires that the plaintiff make a written offer; but, this letter was from Allstate, the defendant. Thus, it too fails to show that Tincher met the requirements of the statute. Furthermore, neither of the letters cited by Tincher provide that the paymеnt of the offer must be paid within sixty days of being accepted, as required by the statute. See Cahoon,
Judgment affirmed in part and reversed in part.