Texas Jury Awards Policyholder $48 Million For COVID-19-Related Loss (Insurance Law Alert)
10.03.22
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(Article from Insurance Law Alert, September 2022)
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In the first jury verdict of its kind, a Texas jury awarded Baylor College of Medicine $48 million in a suit for COVID-19-related business interruption losses. Baylor College of Medicine v. XL Ins. Am. Inc., No. 2020-53316 (Tex. Dist. Ct. Sept. 2, 2022). The judge had previously denied the insurer’s summary judgment motion, finding issues of fact as to whether the presence of the virus caused direct physical loss of or damage to property. We will keep you posted on any appeals in this matter.