US court overturns BI ruling, sides in favor of Oceana Grill restaurant
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US court overturns BI ruling, sides in favor of Oceana Grill restaurant

Luke Harrison
June 23, 2022
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Bourbon and Orleans street signs in New Orleans, USA

A Louisiana appeals court, in one of the first Covid-19 BI cases to be filed in the US, has reversed a state court’s verdict in favor of several unnamed Lloyd’s underwriters and ruled in favor of New Orleans restaurant Oceana Grill.

The Fourth Circuit Court of Appeal ruled in a 3-2 split decision last week that the policy language was “ambiguous” and that Covid-19 should be viewed as physical loss or damage to the insured property.

“Upon

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