No Coverage For Restaurant’s ‘Purely Economic’ Losses, Maryland Panel Affirms

(May 27, 2022, 11:20 AM EDT) -- ANNAPOLIS, Md. — A Maryland appeals panel on May 24 held that a commercial property insurance policy provides no coverage for a restaurant insured’s “purely economic losses” stemming from the coronavirus pandemic, affirming a lower court’s dismissal of the insured’s breach of contract claim against its insurer but vacating and remanding the court’s disposal of a declaratory judgment claim because it failed to declare the rights of the parties....