Insureds Failed To Show $1.7M In Undelivered Fine Wine Was Direct, Physical Loss

Mealey's (August 3, 2018, 3:35 PM EDT) -- DENVER — A Colorado federal judge on Aug. 2 granted an insurer’s motion for summary judgment in a dispute over coverage for $1.7 million in 2,448 bottles of undelivered fine wine, finding that the insureds failed to demonstrate that their claim is a covered direct physical loss under the policy (Malik M. Hasan, M.D., et al. v. AIG Property Casualty Co., No. 16-02963, D. Colo.)....