PHI Group, Inc. Sues Zurich American Insurance Company for COVID-Related Losses

PHI Group, Inc., a company offering helicopter services to customers in the oil and gas, air medical, technical services, and health care industries, has filed a civil action against Zurich American Insurance Company (“Zurich”) in order to recover economic losses caused by the partial interruption of its business during the COVID pandemic. PHI purchased an EDGE commercial property insurance policy from Zurich that included coverage for “direct physical loss of or damage caused by a Covered Cause of Loss” as well as time element and business interruption coverage. However, Zurich denied PHI's claim. The case will now go before a federal court to determine whether or not PHI is entitled to coverage under its policy with Zurich. Read more >>> 22-30142-CV0.pdf (