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Alley Theatre v. Hanover Insurance Co.

Court: SD Tx  03/26/2020  District Court Finds Donations to be Revenue in Business Interruption Coverage Dispute

The court found that the insured's receipt of donations constitutes revenue even though it is a non-profit, but the calculation of business income loss should be based on historical revenue and not actual post-storm revenue.

commercial property insurance policy, Hurricane Harvey, business interruption coverage, donations, nonprofit, revenue, pre-storm revenue, post-storm revenue

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