New York Botanical Garden Wins Covid Insurance Bid

The New York Botanical Garden’s insurance bid for pandemic-related losses against Allied World Assurance Co. can move forward since the policy covers Covid-19 as a pollution event, a New York appeals court ruled.

Allied World’s denial of coverage is inappropriate, and the Bronx-based botanical garden sufficiently proved its 250 acres of land with over 1 million living plants need insurance coverage, the New York State Appellate Division of the Supreme Court said Tuesday.

The botanical garden showed that the insurer breached the insurance contract and good faith by not conducting a fair investigation of its claim before denying coverage, the ...