Major League Baseball teams are suing their insurers after they lost revenue during COVID-19 closures.
“Major League Baseball and all 30 of its franchises have filed a lawsuit against their insurance providers, citing billions of dollars in losses due to pandemic-related bans on fans attending games. The lawsuit was filed in October in California Superior Court in Alameda County, California. It was initially reported earlier in December by the Associated Press.
Providers AIG, Factory Mutual and Interstate Fire and Casualty Company have refused to pay claims made by MLB and its teams, in spite of losses that should have been covered by “all-risk” policies held, the lawsuit alleges.” [READ MORE]