MLB suing insurance companies over multi-billion dollar virus-related losses
Major League Baseball and its teams are suing their insurance providers, citing billions of dollars lost in the 2020 season related to the coronavirus pandemic, The Associated Press reported.
According to the lawsuit, obtained by AP, MLB alleges that "providers AIG, Factory Mutual and Interstate Fire and Casualty Company have refused to pay claims made by MLB despite the league’s 'all-risk' policy purchases."
“Due to COVID-19, the Major League Baseball entities, including those of the 30 major league clubs, have incurred significant financial losses as a result of our inability to play games, host fans and otherwise conduct normal business operations during much of the 2020 season,” the league said in a statement to the AP. “We strongly believe these losses are covered in full by our insurance policies, and are confident that the court and jury will agree.”
The insurance providers have not responded to a request for comment from the AP.