"A plain reading of the policy provides that the parties intended to exclude coverage for COVID-19 related losses like the losses plaintiff allegedly suffered in the immediate case," the court said.
At least 12 of the 13 members of the International Group of P&I Clubs have changed policies to exclude claims stemming from Russia's invasion of Ukraine.
Lawmakers are worried about one company's outsize role in the coal surety business and its ability to cover reclamation costs should mines start going belly up.