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Top related persons:
Phil Murphy - 2 Wayne Parry - 2 Stephen Orlofsky - 1 David Roth - 1 — - 1 United - 1
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N.J Atlantic City California Los Angeles Pennsylvania New Jersey www.twitter.com TRENTON
Top related orgs:
AIG Specialty Insurance - 2 Insurance - 2 CITY - 1 Co - 1 Ocean - 1 American - 1 Democratic Gov - 1 Atlantic - 1

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2 mentions found


☆ New Jersey Supreme Court Rules Against Ocean Casino in COVID Business Interruption Case
  + stars: | 2024-01-24 | by ( Associated Press | Jan. | At P.M. | ) www.usnews.com   time to read: +3 min
The casino sued and defeated an attempt by the insurers to dismiss the case. The high court agreed to take the case in order to resolve the legal question of what constituted loss or damage. “Based on the plain terms of the policies, we conclude that in order to show a ‘direct physical loss’ of its property or ‘direct physical . It concluded that the casino's pleadings “do not support a finding that it is entitled to insurance coverage.”The casino declined comment Wednesday. He said 14 state Supreme Courts around the nation have held that the mere interruption of business activity during the pandemic does not constitute physical losses.
Persons: Stephen Orlofsky, David Roth, Phil Murphy, Wayne Parry Organizations: CITY, AIG Specialty Insurance, Insurance, Co, Ocean, American, Democratic Gov Locations: N.J, Atlantic City, California, Los Angeles, Pennsylvania, New Jersey, www.twitter.com
☆ New Jersey Supreme Court to Rule on Pandemic-Related Insurance Exclusions
  + stars: | 2023-09-27 | by ( Associated Press | Sept. | At A.M. | ) www.usnews.com   time to read: +3 min
TRENTON, N.J. (AP) — New Jersey's Supreme Court is expected to consider whether an Atlantic City casino can get payouts from business interruption insurance for losses during the COVID-19 outbreak, potentially providing guidance for policyholders nationwide regarding the scope of coverage for pandemic-related losses. Three insurers — AIG Specialty Insurance Co., American Guarantee & Liability Insurance Co. and Interstate Fire & Casualty Co. — largely denied coverage to the casino, saying it did not suffer direct physical loss or damage because of the virus. Last year, the Supreme Court agreed to resolve some questions regarding the case. United Policyholders, an advocacy group for insurance customers, urges the justices in a friend-of-the-court brief to rule in favor of the casino. “The ruling sought by the (insurers) here would curtail coverage for millions of New Jersey policyholders,” it wrote.
Persons: —, Phil Murphy, United, Wayne Parry Organizations: Atlantic, AIG Specialty Insurance, Insurance, New Jersey policyholders, Supreme, New, New Jersey Gov Locations: TRENTON, N.J, Atlantic City, California, Los Angeles, Pennsylvania, New Jersey, www.twitter.com
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