Arizona Beverages USA, LLC v. Hanover Insurance Company
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September 02, 2025
2nd Circ. Affirms Arizona Iced Tea's Audit Expense Coverage
Hanover Insurance Co. must cover the maker of Arizona Iced Tea for additional audit expenses from a power surge that erased years of financial data, the Second Circuit determined Tuesday, finding that delays and additional costs were directly traced to the surge and therefore covered.
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March 04, 2024
Arizona Iced Tea Asks 2nd Circ. To Affirm Audit Expense Win
The maker of Arizona Iced Tea told the Second Circuit that Hanover Insurance Co. must cover additional audit expenses it incurred after a power surge erased two years' worth of financial data, arguing its "period of restoration" ended when the audit concluded, not when replacement accounting software was in place.