Panel: No Coverage Owed For Insureds’ Alleged $5.3M In Losses Arising From COVID-19

Mealey's (March 3, 2023, 2:35 PM EST) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals on March 2 affirmed a lower federal court’s dismissal of an insured’s declaratory judgment lawsuit seeking commercial insurance coverage for its more than $5.3 million in claimed derivative losses arising from the coronavirus pandemic, finding that it has “repeatedly interpreted similar language in insurance cases seeking compensation for losses related to COVID-19 restrictions, and have consistently held that temporary loss of use or restrictions on use do not constitute ‘physical’ damage or loss.”...