4th Circuit Denies Insurer’s Motion For Rehearing In Silo Collapse Dispute

(August 22, 2023, 10:42 AM EDT) --  XE "Collapse" RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeal denied a petition for rehearing or rehearing en banc filed by insurers in a coverage dispute arising out of the collapse of the insured’s silo, refusing to reconsider its finding that a district court erred in reducing a jury’s $7.6 million award in favor of the insured based on the conclusion that the district court did not properly calculate the period of restoration pursuant to the policy’s terms....