New Orleans Restaurant Wins with Covid Damages Ruling
Last week, Oceana Grill, a 500-seat seafood restaurant in New Orleans, won the first appellate victory for an insured business in a Covid-19 business-interruption case.
Cajun Conti, the company that owns Oceana Grill, was the first policyholder to file an insurance coverage lawsuit for losses related to the Covid-19 pandemic.
Cajun Conti initiated the suit against its insurer, Lloyd’s of London, at the beginning of the shutdown on March 20, 2020. In a split decision, the Louisiana Fourth Circuit Court of Appeal ruled that Lloyd’s of London owed coverage under its policy’s ambiguous definition of “direct physical loss or damage.” The 3-2 ruling reversed a lower court’s denial of Cajun Conti’s request to seek damages.
The Louisiana court’s finding will help in the argument for insurance coverage in Covid-19 pandemic losses across the country.
This article is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read here. Please review the full disclaimer for more information. Relying on the information provided in this article or communicating with Lowndes through our website does not create an attorney/client relationship.