Mealey's ( April 18, 2023, 11:37 AM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on April 17 affirmed a lower federal court’s finding that insureds failed to plausibly assert “direct physical loss or damage” to their insured property to trigger business interruption and extra expense coverage under their policy, noting that it is bound by the Connecticut Supreme Court’s recent holding in Connecticut Dermatology Group, PC v. Twin City Fire Insurance Company as to the meaning of the phrase “direct physical loss.”...