Direct Physical Loss

Property in 60 seconds: Insurers Prevail in PA Supreme Court COVID Litigation

COVID-19, Direct Physical Loss, Emerging Issues, Property in 60 Seconds

On September 26, 2024, via two decisions, Ungarean v. CNA and MacMiles v. Erie Insurance Company, the Pennsylvania Supreme Court confirmed what we, as an industry, have known since March of 2020 – economic loss alone, with an absence of direct physical loss or damage, does not constitute a covered first party property claim. The …

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Ohio Supreme Court Holds Ransomware Attack Does Not Cause Direct Physical Loss

Cryptocurrency, Direct Physical Loss, Emerging Issues

This week, in EMOI Services, LLC v. Owners Insurance Company, the Ohio Supreme Court held that a ransomware attack on a medical billing company did not cause direct physical loss of or damage to software, where the company’s computer equipment remained unharmed. The Court further explained that the computer software does not have a material …

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