District Court Erred In Reducing Contract Damages Award In Silo Collapse Suit

(July 24, 2023, 12:49 PM EDT) --  XE "Collapse" RICHMOND, Va. — A district court erred in reducing a jury’s $7.6 million award in favor of an insured in a coverage dispute arising out of the collapse of the insured’s silo because the court did not properly calculate the period of restoration pursuant to the policy’s terms, the Fourth Circuit U.S. Court of Appeals said in reversing a portion of the lower court’s ruling following the jury verdict....