N.Y. Appeals Court Denies Insured’s Appeal In COVID-19 Coverage Dispute

Mealey's (June 27, 2022, 1:25 PM EDT) -- NEW YORK — A New York appeals panel on June 23 denied the owner and operator of numerous restaurants’ motion for leave to appeal an April 7 ruling that affirmed a lower court’s dismissal of the movant’s commercial property coverage lawsuit arising from an alleged tens of millions of dollars in revenue loss prompted by the coronavirus pandemic, standing by its finding that the movant failed to assert “any tangible, ascertainable damage, change or alteration to the property so as to plausibly state a claim the damage was ‘physical.’”...