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On the trial's third day, the plaintiff's lawyer made a discovery that 'flipped the case' and led the defendant to settle for 250% of its $1M policy.

"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.

The insolvent Florida-based insurer has some 200,000 policies nationwide, including 30,000 policies in Louisiana.

Insurance industry news from PCF Insurance Services, Alera Group, Socotra and more.

Session topics include mediation and creative settlements to avoid litigation, best practices for investigating claims and more.

Backers said it would lower insurance rates and improve business outcomes for small trucking companies. Opponents said it would deny plaintiffs valid procedural claims.