Covid Coverage Case Heads to Argument With Billions on the Line

Marquee names including the Los Angeles Lakers basketball team and the National Hockey League are supporting a concert promoter seeking to force Vigilant Insurance Co. to provide coverage for losses incurred during the coronavirus pandemic shutdown.

With a decision due before the summer concert season begins, the California Supreme Court on Tuesday will hear arguments to answer a question posed by the US Court of Appeals for the Ninth Circuit and potentially billions of dollars: “Can the actual or potential presence of the COVID-19 virus on an insured’s premises constitute ‘direct physical loss or damage to property’ for purposes of ...