Billionaire Phil Ruffin is suing two insurance companies that have denied claims filed for alleged damages at his Las Vegas Strip casino resorts. Treasure Island and Circus Circus, both owned by the real estate tycoon, have each filed claims with their respective insurance providers for financial damages related to the COVID-19 pandemic. The casino claims… Continue reading Billionaire Ruffin Sues Insurers over Denied Treasure Island, Circus Circus Claims
Tag: BI claims
Museums, Cultural Institutions in Fight Over COVID BI Claim Denials
When the museum and cultural world realized the extent of the impact on their revenue from the coronavirus pandemic, arts administrators began reaching out to their insurance agents to file business interruption claims. The Dance Theater of Harlem, for example, quickly filed a claim, arguing that New York’s shutdown of “nonessential” businesses had halted the… Continue reading Museums, Cultural Institutions in Fight Over COVID BI Claim Denials
Canadian Insurers Hit with Class Action Suit for Refusing to Pay BI Claims
As COVID-19 forces businesses to close or limit their operations, a Regina business owner is getting involved in a national class action lawsuit against indemnity insurers in Canada. Thomas Siarkos, owner of Memories Fine Dining in Regina, alleges that despite paying for “premium insurance”, his insurer is refusing to pay business interruption insurance. He says… Continue reading Canadian Insurers Hit with Class Action Suit for Refusing to Pay BI Claims