Policy Exclusion Bars Coverage In Bad Faith Suit Over Floral Supply Losses

Mealey's (March 10, 2021, 1:37 PM EST) -- SAN DIEGO — In a March 8 order, a federal judge in California granted a commercial property insurance provider’s motion to dismiss, ruling that insureds failed to sufficiently show that the insurer breached the terms of its insurance agreement with them or acted in bad faith by denying coverage for losses of “stock” sustained as a result of governmental actions during the novel coronavirus pandemic....