Panel: Insured Fails To Allege Physical Alteration, Dispossession Of Restaurant

Mealey's (June 10, 2022, 12:41 PM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals on June 8 affirmed a lower federal court’s grant of an insurer’s motion for judgment on the pleadings in a restaurant owner insured’s breach of contract and declaratory judgment lawsuit arising from the coronavirus pandemic, finding that the insured fails to assert physical dispossession or physical alteration of its property sufficient to constitute a “direct physical loss” under its policy....