‘Loss Of Use’ Without Something More Is Not Enough, Iowa High Court Affirms

Mealey's (April 25, 2022, 1:04 PM EDT) -- DES MOINES, Iowa — Faced with its first opportunity to address whether an insured’s mere loss of use of business property constituted “direct physical loss of or damage to property” to trigger business interruption coverage under an all-risk commercial property insurance policy, the Iowa Supreme Court on April 22 affirmed a lower court’s ruling that a private golf and country club owner insured failed to demonstrate that it incurred “direct physical loss of or damage to” its property....