Law

Ransomware Attack Not Covered: 'No Direct Physical Loss of or Damage to' Intangible Computer Software, State High Court Says

The insurance policy phrase "direct physical loss of or damage to" has been prominent in the news the past few years thanks to the spate of business interruption cases stemming from the pandemic, but ...
Law

Policies Covering Direct Physical Loss Do Not Apply to COVID Business Interruption Losses

In Consolidated Restaurant Operations v. Westport Insurance, the Court of Appeals recently clarified that insurance policies providing coverage for "direct physical loss or damage" to an insured's ...
JD Supra

COVID-19 Does Not Constitute Direct Physical Loss or Damage to Property

The Supreme Court of California recently weighed in on conflicting conclusions reached by California Courts of Appeal regarding insurance coverage for COVID-19 related losses, in its May 23, 2024 ...
JD Supra

Supreme Court Of North Carolina Holds That Losses Caused By The COVID-19 Shutdown Orders Are Direct Physical Loss Covered By Commercial Property Insurance Policies

On December 13, 2024, the Supreme Court of North Carolina broke with the nationwide trend, holding that, absent a virus exclusion, commercial property insurance policies cover losses covered by the ...