Lloyd’s to Pay $12 Million of Baylor’s $48.5 Million Covid Loss (1)

Baylor College of Medicine won a Texas state court jury verdict that one of its insurers, units of Lloyd’s of London, must pay $12 million to cover pandemic-related losses, or roughly a quarter of the $48.5 million damage incurred.

The Aug. 31 verdict in the District Court of Harris County in Texas is the first jury verdict ruling in favor of policyholders in the Covid-19 insurance litigation, according to a Baylor attorney, Murray Fogler of Fogler, Brar, O’Neil & Gray LLP.

Courts nationwide have generally sided with insurers on the issue of whether they owe business interruption coverage to their ...