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Marine Insurance Policy Does Not Insure Losses During the COVID-19 Pandemic

February 2023 | Category: Articles and Presentations

The Connecticut Supreme Court recently held that, under New York law, a marine insurance policy did not afford coverage for the lost value of the insured’s excess shoe inventory sustained as a result of its retail customers cancelling their orders due to the COVID-19 pandemic.  Hartford Fire Ins. Co. v. Moda, LLC, SC 20678, 2023 WL 1087510 (Jan. 27, 2023). 

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