The Vermont Supreme Court has kept alive a COVID-19 business interruption loss claim by major shipbuilder against a group of reinsurers.
The state’s high court ruled that the case brought by Huntington Ingalls Industries Risk Management and its captive insurer should proceed, although the justices stopped short of endorsing Huntington’s claim that the COVID-19 virus caused direct physical loss or damage to its property that should trigger business interruption coverage.
