Mealey's (February 11, 2022, 9:53 AM EST) -- MONTPELIER, Vt. — A Vermont Supreme Court panel on Jan. 26 heard oral arguments on a dispute over COVID-19 pandemic losses, with the appellants arguing that under Vermont law, their allegations as to losses under “all risk” reinsurance contracts that cover “direct physical loss or damage to property” were sufficient to survive judgment on the pleadings, and the reinsurers contending that what the appellants allege is not physical loss or damage to property....