Law360 (July 14, 2021, 5:12 p.m. EDT) – The owners of three restaurants in the Boston area cannot use coverage for pandemic-related losses due to a decline in customers due to government restrictions, Strathmore Insurance Co. plans argued in a Massachusetts appeals court asking it to maintain dismissal of its COVID-19 cover suit.
The property insurance policies issued for the restaurants Coppa, Toro and Little Donkey do not cover “the mere loss of an economically valuable and intangible property,” argued the subsidiary Greater New York Mutual Insurance Co. in its Monday letter.
“The complaint does not identify any property that has been lost or physically injured, and they never have any coverage under the policies for …
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