AECOM this month struck out on most of its initial lawsuit to collect on COVID-19-related property damage insurance claims from Zurich America Insurance Co.
Filed last year in federal district court in Pasadena, Calif., AECOM's lawsuit is based on an all-risk policy that provided $250 million in coverage per cause with various sub-limits. It covered "all risks of direct physical loss or damage" for any cause not excluded. Except for exclusions, all-risk policies are broader in what they cover than named peril policies, which are restricted to specific causes.