Panel Reverses Court In Coverage Suit Over $1M Settlement Of Canceled Music Festival

( March 25, 2024, 2:42 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals reversed a lower federal court’s summary judgment ruling in favor of an insurer in the insured’s lawsuit seeking coverage for an underlying $1 million class action settlement arising from its refusal to refund ticket sales for the South by Southwest festival that was canceled due to the COVID-19 pandemic, finding that the policy’s contact and professional services exclusion do not bar coverage....