By Paul Feely, New Hampshire Union Leader
A judge on Tuesday ordered seven insurance companies to pay a New Hampshire-based hotel company more than $100 million for losses related to the economic impact of COVID-19.
In granting a motion for summary judgment by Schleicher & Stebbins Hotels LLC and denying the cross-motion filed on behalf of the insurance companies, Merrimack County Superior Court Judge John C. Kissinger Jr. found that coverage is triggered where there is a “distinct and demonstrable alteration” to property.
Kissinger rejected the insurance companies’ argument that such changes to property “must be readily perceptible by one of the five senses, be incapable of remediation, or result in dispossession.”
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