The casino filed suit against them in state court in Atlantic City. The insurers agreed to pay $850,000 in coverage under an “interruption by communicable disease” endorsement, but otherwise refused to indemnify the casino. The Zurich, AIG and Allianz units, along with National Fire & Marine Insurance Co., a Berkshire Hathaway Group unit, had provided a total of $50 million in coverage on a quota share basis, according to the report. and National Fire & Marine Insurance Co.Įarlier in the week, the same court had affirmed seven lower court rulings dismissing similar litigation. American Guarantee and Liability Insurance Co., AIG Specialty Insurance Co.
The litigation was filed by the Ocean Casino Resort, a 138,000-square-foot casino and gaming entertainment facility that is the largest gaming suite in the U.S., according to the ruling by the Superior Court of New Jersey appellate division in Jersey City in AC Ocean Walk, LLC v. and Allianz SE in COVID-19-related business interruption coverage Thursday. A New Jersey appeals court overturned a lower court and ruled against an Atlantic City casino and in favor of units of Zurich Insurance Group Ltd., American International Group Inc.
