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New Jersey Supreme Court rules against Ocean casino in COVID business interruption case

New Jersey's Supreme Court ruled Wednesday that an Atlantic City casino is not entitled to payouts from business interruption insurance for losses during the COVID-19 outbreak, determining that the presence of the virus did not constitute the kind of “direct physical loss or damage” required for such a payout. The case involved the Ocean Casino Resort's claims against three insurance companies — AIG Specialty Insurance Co., American Guarantee & Liability Insu...
United States New Jersey Atlantic City David Roth Los Angeles Stephen Orlofsky
Source: yahoo.com

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