direct physical loss or damage News

Iowa Issues 2nd State Supreme Court Ruling Finding No Coverage for COVID Income Loss

The Iowa Supreme Court on Friday ruled in two separate decisions that COVID-19 did not cause a physical loss or damage that would allow a private golf club or a restaurant and bar to recoup income lost during COVID-19 shutdown …

Mass. Finds Virus Caused No Physical Loss, the 1st State High Court to Rule

The Massachusetts Supreme Judicial Court, in the first state high court ruling on the question, has sided with an insurer and an insurance agency in finding that the COVID-19 losses claimed by three restaurants were not “direct physical loss of …

N.Y. Appellate Court Upholds Denial of Coverage for Restaurant’s COVID-19 Claim

An insurer has been upheld in its denial of coverage in a first ruling on Covid-19 business interruption insurance by a New York appellate court. The appeals court upheld a New York county court—and said it agreed with various other …

Viewpoint: Insurers Maintain Unbeaten Record in Appellate Courts for COVID Claims

As we approach the end of the first quarter of 2022, things are still looking good for insurers in the COVID-19 coverage litigation battle. The issuance of various governmental orders requiring businesses to temporarily modify or close their operations led …

Jury Finds in Favor of Insurer in COVID-19 Business-Interruption Claim

A Kansas City jury decided in favor of the insurer in the nation’s first jury trail of a lawsuit that sought coverage for business-interruption losses caused by the coronavirus. The jury for the U.S. District Court for Western Missouri on …

9th Circuit Rejects COVID Business Interruption Suit; Doesn’t Address Physical Presence Question

The 9th Circuit Court of Appeals ruled Friday that government orders that forced a business to shut its doors because of the COVID-19 pandemic did not cause a direct physical loss that was covered by its insurance policy. The decision …

Judge Dismisses Hundreds of Washington State Business Interruption Claims

A federal judge in Seattle has dismissed lawsuits filed by hundreds of Washington state businesses seeking insurance coverage for revenues lost because of COVID-19 public health orders. U.S. District Judge Barbara J. Rothstein on Friday granted insurers’ motions to dispose …

Moody’s Says COVID-19 Impact on P&C Insurance Sector Was ‘Moderate’

Neither COVID-19 nor legislation enacted because of it has seriously harmed the creditworthiness of the property and casualty insurance sector, according to a report released by Moody’s Investors Service on Friday. Businesses have filed about 1,700 business-interruption claims because of …

Commercial Property Insurance Coverage for Texas Winter Freeze Losses

For an incredible 10-day period in mid-February, Texas was battered by a brutal winter storm bringing snow, ice, and record-low temperatures. Millions of Texans were without power and water for days. These conditions forced thousands of Texas businesses to close …