Opinion ID: 2318759
Heading Depth: 1
Heading Rank: 3

Heading: The Final Judgment Order

Text: The jury found that property damage occurred at the Jacksonville site in each of the years from 1957-1980. The jury found that Hercules had been held liable for property damage that was the result of one occurrence, a term defined in the policies. [18] The total amount of Hercules' costs in connection with the Jacksonville site as of the Sept. 30, 1997 cutoff date totaled $28,522,910.60, of which approximately $12 million was related to defense costs (legal expenses and investigation) and $16 million to indemnification for environmental cleanup. Under a ruling of the trial court, Home's policy did not cover any of the defense costs. The portion of the $28,522,910.60 in total costs that was attributable to the 1964-1970 policies was calculated as $7,131,583. [19] This amount was further reduced to reflect Hercules's self-retention, which was similarly allocated to the 1964-1970 period. Under the modified pro rata allocation formula adopted by the trial court to reflect LMI's portion of the risk from 1964-70, LMI was ultimately found liable for $6,395,839. Following the same methodology, the total indemnification costs recoverable under Home's policy was $128,964. As noted above, American Home was not subject to any money judgment because its coverage had not attached as of Sept. 1, 1997. Finally, the trial court awarded prejudgment interest against LMI and Home totaling approximately $2,500,000.