9th Circuit: No Coverage For Business Losses Resulting From ‘Direct Physical Loss’

Mealey's (October 24, 2022, 8:21 AM EDT) -- SEATTLE — The Ninth Circuit U.S. Court of Appeals affirmed a lower federal court’s dismissal of an insured’s breach of contract and bad faith lawsuit seeking insurance coverage for its economic losses arising from the coronavirus pandemic, ruling that the lower court did not err in finding that the insured was not entitled to coverage under the policy provisions insuring business losses resulting from “direct physical loss.”...