Marine Cargo Policy Ambiguous As To Whether Warehouse Was ‘Approved Location’

(January 4, 2024, 10:57 AM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals found that a marine cargo insurance policy is ambiguous as to whether a warehouse that was consumed by fire was an “Approved Location,” vacating a lower federal court’s judgment in favor of the insurer and remanding for the lower court to entered judgment in favor of the insured in its lawsuit seeking coverage for its more than $600,000 in lost goods....