South by Southwest Loses Covid Insurance Row With Chubb Unit

South by Southwest failed in its bid to get insurance coverage from a Chubb unit for pandemic-related cancellation of its 2020 festival.

Federal Insurance Co. doesn’t owe SXSW LLC, the media and technology festival’s organizer, any insurance payment because the policy’s contract excludes contract-related coverage, US Magistrate Judge Susan Hightower of the US District Court for the Western District of Texas said in a ruling issued Tuesday.

SXSW sought insurance payment under its directors and officers policy with Federal Insurance after customers sued with claims that the company wrongfully withheld their funds paid for the canceled festival. The event is ...