The U.S. Court of Appeals for the 11th Circuit has joined courts across the country in siding with an insurer against businesses trying to recoup profits lost during the COVID-19 pandemic.
The U.S. Court of Appeals for the 7th Circuit held that COVID did not cause "direct physical loss or damage to" property under business interruption policies.
The Massachusetts Supreme Judicial Court and the Iowa Supreme Court became the first state high courts to decide whether businesses can recover COVID-19-related business losses.