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The insurance policy phrase "direct physical loss of or damage to" has been in the news the past few years thanks to BI cases stemming from the pandemic.

The court found that the COVID-19 government shutdown order does not constitute a 'direct physical loss.'

The meaning of "physical loss or damage" has been the centerpiece of virtually every COVID-19 business interruption case.

Though the judges of the Eleventh Circuit ruled the insurer was bound to defend the insured, they said it was too early to determine the duty to indemnify.

The case law on this topic is divergent, a trend that will likely continue with different courts applying different interpretations of insurance policies.

Insurers have prevailed in numerous business interruption lawsuits for pandemic-related losses.

Uncover three reasons why a digital revolution is coming to commercial insurance, which is primed for a 'Moneyball' era.

News from Ryan Specialty, Rokstone, Cowbell Cyber and more.