Panel: No Coverage For ‘Purely Economic Damages’ Alleged By Restaurant Chain

Mealey's (May 25, 2022, 1:53 PM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on May 24 affirmed a lower federal court’s ruling that an insured restaurant chain’s claim for loss of business income caused by shutdown orders issued by state governors in the wake of the COVID-19 pandemic is not covered, finding that there is no coverage available “for the type of purely economic damages” the insured sought under the policy....