5th Circuit Partly Reverses Judgment In Coverage Dispute Over Hurricane Laura

(June 27, 2024, 1:54 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on June 26 partly reversed a lower court’s ruling in favor of a church insured following a three-day bench trial in a Hurricane Laura coverage dispute, finding that because the judgment awards damages and penalties that are based on January 2023 prices and costs in violation of the commercial policy's terms, the award must be vacated and remanded for recalculation....