The lender behind the now-foreclosed former 3M campus in Austin, Texas, and its current owner have sued Zurich American Insurance Co. in Texas federal court, claiming the insurer owes more than $15 million toward the remediation and restoration work needed as a result of a major winter storm in February 2021.
A Massachusetts hospital's owner and operator told the First Circuit that a district court wrongfully applied flooding sublimits in their suits seeking coverage from Zurich American Insurance Co. and American Guarantee and Liability Insurance Co. for damage caused by rainwater that had collected on its roof.
Qdoba appealed its COVID-19 business interruption loss against Zurich American Insurance Co. to the Tenth Circuit and promptly urged the court to pause the case ahead of a potential shift in California law on pandemic-related insurance issues.