Court Ignored Ordinary Meaning Of Physical Loss, Insureds Tell N.C. High Court

Mealey's (January 19, 2024, 3:52 PM EST) -- RALEIGH, N.C. — Restaurant insureds tell the North Carolina Supreme Court that it should reverse an appeals court’s reversal of a lower court’s grant of partial summary judgment in their favor in a coronavirus coverage dispute, arguing that the phrase “physical loss or physical damage” includes loss of the physical use of property under the state’s “long-standing principles of insurance contract interpretation.”...