The casino sued and defeated an attempt by the insurers to dismiss the case.
The high court agreed to take the case in order to resolve the legal question of what constituted loss or damage.
“Based on the plain terms of the policies, we conclude that in order to show a ‘direct physical loss’ of its property or ‘direct physical .
It concluded that the casino's pleadings “do not support a finding that it is entitled to insurance coverage.”The casino declined comment Wednesday.
He said 14 state Supreme Courts around the nation have held that the mere interruption of business activity during the pandemic does not constitute physical losses.
Persons:
Stephen Orlofsky, David Roth, Phil Murphy, Wayne Parry
Organizations:
CITY, AIG Specialty Insurance, Insurance, Co, Ocean, American, Democratic Gov
Locations:
N.J, Atlantic City, California, Los Angeles, Pennsylvania, New Jersey, www.twitter.com