Insured Restaurant Chain Did Not Suffer Physical Loss As A Result Of Shutdown Orders

Mealey's (February 8, 2021, 10:10 AM EST) -- TAMPA, Fla. — No coverage is owed for an insured restaurant chain’s business losses caused by shutdown orders issued by state governors in the wake of the COVID-19 pandemic because the insured did not sustain a physical loss to any of its insured properties, a Florida federal judge said Feb. 4 in granting the insurer’s motion to dismiss....