Panel: Restaurant Did Not Suffer ‘Direct Physical Loss Of Or Damage To Property’

(June 17, 2022, 12:30 PM EDT) -- CHICAGO — An Illinois appeals panel on June 15 held that a restaurant insured did not incur “direct physical loss of or damage to property” under a commercial property insurance policy when the insured suspended or scaled back its operations as required by governmental restrictions in response to the coronavirus pandemic, affirming a lower court’s ruling in favor of the insurer....