The Cincinnati Insurance Co. plans to appeal a North Carolina judge’s ruling that more than a dozen restaurants in the state are owed payouts for extra expenses and lost income following virus-related government shutdown orders.
“We continue to believe that business interruption coverage under our property policy in this case does not apply because there was no structural alteration to property,” a Cincinnati spokesperson said in a statement issued Thursday.
The appeal comes after the North Carolina General Court of Justice for the County of Durham issued the ruling, believed to be the first judicial determination nationwide siding with businesses ...
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