Panel: Restaurant Owner’s Claimed Losses Did Not Involve Tangible Change To Property

Mealey's ( November 17, 2022, 1:57 PM EST) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on Nov. 17 affirmed a lower federal court’s judgment in favor of a commercial insurer in its lawsuit disputing coverage for the owner and operator of a network of nearly 80 restaurants throughout the country, finding that the insured failed to identify direct physical loss of or damage to its property to trigger coverage for business losses arising from the coronavirus pandemic....

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