Baylor College of Medicine Notches Rare Win Against Insurer in COVID-19 Damages Case

A Texas jury last week found that COVID-19 caused direct physical loss or damage to the Baylor College of Medicine’s property and awarded the institution $48.5 million from Lloyd’s of London syndicates that provided it with commercial property insurance. Ten members of a 12-person jury in Harris County District Court ruled against the insurer, the minimum number needed to decide the case in Baylor’s favor. They awarded the institution almost $42.9 million for lost net profits because COVID-19 interrupted business, $3.4 million for extra expenses to recover lost or damaged property, and $2.3 million in research project expenses caused by the virus.