Panel Refuses To Depart From ‘Overwhelming Weight Of Authority’ In COVID-19 Suit

(July 17, 2023, 4:20 PM EDT) -- CHICAGO — An Illinois panel held that there was no evidence that an insured incurred direct physical loss or damage required to trigger commercial insurance coverage for its business income losses arising from the coronavirus pandemic and government shutdown orders, noting that Illinois courts have consistently concluded “that economic loss sustained during the pandemic did not constitute ‘physical loss of’ or ‘physical damage’ to property under the commercial insurance policies.”...