Coastal Hardware & Rental Co. v. Certain Underwriters at Lloyds, London

MAXWELL, J.,

for the Court:

¶ 1. This ease involves a dispute between a hardware store leveled by Hurricane Katrina and its insurer, who denied coverage for the wind damage. The trial judge granted summary judgment in the store’s favor on the wind-coverage issue, and the case proceeded to trial on damages. A jury returned a verdict of $1.17 million in the store’s favor on its insurance-contract claim against the insurer. But the trial judge directed a verdict in the insurer’s favor on the store’s tort claim for lost net profits allegedly caused by the insurer’s denial of insurance proceeds. The…