We bring you our July Insurance Update.
Perhaps the biggest news this month comes out of Michigan.
At a Zoom hearing on July 1, a Michigan Circuit Court judge became the first to hand down a decision on whether business interruption losses caused by COVID-19 are covered. In Gavrilides Mgmt. Co. v. Michigan Ins. Co., the court ruled that a claim alleging loss of business due to shutdown orders was not covered because the complaint contained no allegations of “direct, physical loss or damage ” to the insured’s restaurants...
Please see full Update below for more information.