Split Vermont High Court Rules Against Reinsurers In COVID-19 Dispute

Mealey's (September 26, 2022, 1:01 PM EDT) -- MONTPELIER, Vt. — Citing the state’s “extremely liberal pleading standards,” the Vermont Supreme Court on Sept. 23 issued a 3-2 reversal in a suit over whether COVID-19 pandemic losses trigger “all risk” reinsurance contracts that cover “direct physical loss or damage to property.”...