Mealey's (July 22, 2015, 10:36 AM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on July 17 held that a property owner’s complaint against the property’s former owners alleged only economic losses and failed to allege covered “property damage” under a “Masterpiece” insurance policy, affirming a lower court’s ruling that the insurer has no duty to defend against the underlying dispute (Phillip O'Dell, as Assignee of Roland B. Mahoney and Sandra R. Mahoney v. Pacific Indemnity Co., No. 14-14457, 11th Cir.; 2015 U.S. App. LEXIS 12374).

(Per curiam opinion available. Document...