Sorry we're CLOSED sign board hanging on office door. "No Maryland appellate court has decided this specific question, but hundreds of courts throughout the United States have decided it in interpreting policies that are substantially identical to the policy in this case," Judge Kevin F. Arthur wrote. "Although the policies do not define the operative terms, those courts have held, almost unanimously, that the phrase 'physical loss of or damage to' property is unambiguous and that the policies afford no coverage in circumstances such as those of this case." (Credit: GOLFX/Shutterstock.com)

The Court of Special Appeals of Maryland, the state's intermediate appellate court, fell in line with several recent state and federal appellate court rulings, unanimously upholding a lower court's decision that a restaurant's losses resulting from COVID-19 shutdown orders aren't recoverable under its business interruption insurance policy.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.