Credit: Chansom Pantip/ShutterstockState High Court Bucks Trend Favoring Insurers, Sides With Restaurants Seeking COVID-19 Coverage
In more than 800 cases nationwide, federal and state courts have interpreted the phrase "direct physical loss" as requiring some physical alteration or damage to property. The North Carolina opinion's author, Justice Anita Earls, put the onus on the insurance companies to clearly indicate what is covered and excluded.
December 18, 2024 at 12:34 PM
5 minute read
Despite being severely outnumbered in court rulings across the country, North Carolina bars and restaurants seeking coverage for lost business revenues during the COVID-19 pandemic found recent success at the state Supreme Court last week.
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