No. Tennessee law does not permit the recovery of interest in personal injury or wrongful death lawsuits.
The only exception to this rule is if you win a case and a judgment is entered by the court you are permitted to recover interest. Interest accrues at the rate set by Tennessee statute per year on the amount of the judgment that is unpaid. The Tennessee General Assembly just lowered the amount of post-judgment interest, saving money for insurance companies and others.
The current post-judgment interest rate in Tennessee is 5.25%. Under the former law, the interest rate was 10%. The law changed July 1, 2012/
The inability to collect interest on personal injury and wrongful death lawsuits (unless a judgment is entered) is yet another reason why you want to hire a lawyer who will work to finish your case promptly. The Law Offices of John Day, P.C. works for you to bring your claim to a prompt settlement or, if you case that cannot be settled for an amount which is fair under the facts and law, to a prompt trial.
Please call me at 615.742.4880 or toll-free at 866-812-8787 if our firm can help you understand your rights in a Tennessee personal injury or wrongful death case. Or, fill out the Contact form and we will call you and help you if we can.