Businesses shut by COVID-19 find little support in the courts to force insurers to cover the financial damage

The prevailing view by by courts has been that economic loss alone does not qualify as direct physical damage or loss of property that triggers business interruption coverage, he said. The insurer cited courts in Alabama, California, Florida, Georgia, Illinois, Iowa, Michigan, Mississippi, New Jersey, New York, Oklahoma, Texas, West Virginia and Washington, D.C.

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