Insurers Tell N.C. High Court To Apply 27-Year-Old Precedent To Coronavirus Dispute

Mealey's (March 12, 2024, 10:02 AM EDT) -- RALEIGH, N.C. — Insurers argued to the North Carolina Supreme Court that it should affirm an appeals court’s reversal of a lower court’s grant of partial summary judgment in favor of restaurant insureds in a COVID-19 coverage dispute, responding to the insured’s appellant argument 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.”...