No Coverage For COVID-19 Shutdown Orders; Insured Did Not Sustain Physical Loss

Mealey's (September 3, 2021, 9:29 AM EDT) -- NEW YORK — A New York federal judge on Aug. 31 dismissed an insured’s suit seeking coverage for business income losses sustained as a result of the shutdown orders issued in the wake of the coronavirus pandemic after determining that no coverage is afforded because the insured did not sustain any direct physical loss or damage as required by the policy....