X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The complaint dedicates significant space to discussing the physical attributes of the virus, its means of transmission and the damage that it can cause. (Credit: Kevin Burkett/ Wikimedia Commons) The complaint dedicates significant space to discussing the physical attributes of the virus, its means of transmission and the damage that it can cause. (Credit: Kevin Burkett/ Wikimedia Commons)

Could the loss of use of a property due to the COVID-19 pandemic be considered “direct physical loss or damage?” An NBA team’s dispute over denied insurance coverage is exploring the question.

The Philadelphia 76ers and SPF Owner LLC, which owns a 76ers training complex and office building in New Jersey, say the term should apply to damage caused by the pandemic. They are seeking declaratory judgment to reflect that interpretation after the Hartford Fire Insurance Co. declined to compensate them for lost income under the reasoning that the disease “does not constitute direct physical loss or damage.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

African Legal Awards (AFLA) 2022Event

The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.

Get More Information
 

The British Legal Awards (BLA) 2022Event

Celebrating achievement, excellence, and innovation in the legal profession in the UK.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.