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Insurance Law - FIRE INSURANCE - Loss

Thursday, January 12, 2017 @ 7:00 PM  

Appeal by the owner’s insurer, Zurich, from a declaration that it was required to pay the owner’s losses. The respondent 2224981 (Eco-Lux) conducted its manufacturing operations at premises leased from the respondent landlord, 2047193 (the “owner”), pursuant to a month-to-month lease. A fire largely destroyed the premises in February 2012 and, as a result, Eco-Lux ceased production and stopped paying rent. The premises were repaired some eight months later. However, by that time, Eco-Lux had gone out of business. Eco-Lux’s insurer, Intact, provided coverage to Eco-Lux...