NY Top Court: Presence of Coronavirus Doesn't Trigger Business-Loss Coverage
The Court of Appeals had been charged with answering whether "the actual, suspected, or threatened presence of COVID-19″ in the restaurants had caused direct physical loss or damage.
February 15, 2024 at 12:15 PM
3 minute read
InsuranceThe original version of this story was published on New York Law Journal
New York's top court on Thursday unanimously rejected a COVID-related, business interruption appeal brought by a Texas-based operator of seven restaurant brands that had sued its insurer.
The court had been charged with answering whether "the actual, suspected, or threatened presence of COVID-19″ in the restaurants had caused direct physical loss or damage to the properties within the meaning of an insurance policy issued by the defendant.
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