The NJ Supreme Court denies Ocean Casino's business interruption insurance claim for COVID-19 losses, stating no direct physical damage occurred.

The New Jersey Supreme Court has ruled against Ocean Casino in Atlantic City, denying its claim for payouts from business interruption insurance due to losses incurred during the COVID-19 outbreak. The court determined that the presence of the virus did not constitute the "direct physical loss or damage" required for such payouts, aligning with decisions in state and federal courts around the country.

January 24, 2024
10 Articles