Magic City Casino Sues Insurers For COVID-19 Loss

Magic City Casino Sues Insurers For COVID-19 Loss

Magic City Casino is suing insurers for COVID-19 losses Two mega industries, insurance companies and casinos, are now in tense relations. Gambling establishments that lost a lot of money due to downtime during the epidemic are now demanding compensation from insurers. Insurance companies, in turn, struggle to defy their obligations, horrified by the costs they incur.kiwi casino Miami-based Magic City has joined the list of casinos that have taken legal action for the truth. Earlier it was said that the Circus Circus casino sued AIG in Nevada, demanding insurance payments under its policy, which was supposed to cover all risks. Magic City Sues South Florida Court In A Similar Case %s... They blame four insurance companies at once. Like AIG, they sold all-risk insurance and now they don't want to pay compensation. On this topic, Evolution signed a contract with the American Golden Nugget. As in the case of Circus Circus, the insurers who sold insurance to Magic City did not indicate a business stop due to the spread of the virus as an exception. According to casino representatives, they do not sue insurance companies whose policies indicated viruses as exceptions. One can only sympathize with insurance companies that have not ruled out the spread of the virus. Most likely, now they will all take into account the likelihood of epidemics and close this gap through which millions and even billions of dollars can flow.casino kiwi Insurers now run the risk of being in a very unpleasant position. Industry officials already warn of dire financial ramifications if forced to cover losses associated with the

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