A ruling by the Massachusetts high court Thursday marks the beginning of the end for policyholders who hoped state courts would find that COVID-19 and related shutdowns damaged properties in a way that would trigger coverage, attorneys for insurance carriers say.
Massachusetts' top court on Thursday became the first state high court in the nation to find that insurers should not be on the hook for losses incurred by businesses during the COVID-19 pandemic because the policies in question only cover direct damage to property.
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