A NY judge dismissed coverage claims against Wesco Insurance Co. The ruling aligns with decisions in a growing majority of cases in which plaintiffs are unable to prove that the presence of COVID-19 caused tangible damage to property.
Partner Kevin Buckley, representing Wesco, said,
At this point, there is little doubt that commercial first-party property insurance policies do not cover loss of business income due to government restrictions on business operations and/or the alleged presence of COVID-19 at a location. This decision confirms that New York follows this widely accepted interpretation of coverage.
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