Policy Unambiguously Bars Coverage For Business Income Loss, Panel Rules In Reversal

Mealey's (October 22, 2020, 12:03 PM EDT) -- ROCHESTER —A New York appeals court held Oct. 9 that an insurance policy unambiguously precludes coverage for an insured’s actual loss of business income and the insurer is not estopped from denying coverage, reversing the lower court’s denial of the insurer’s motion for partial summary judgment (Downstairs Cabaret, Inc. v Wesco Insurance Company, No. 607 CA 19-02071, N.Y. Sup., App. Div., 4th Dept., 2020 N.Y. App. Div. LEXIS 5843)....