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Search resuls for: "New Jersey policyholders"


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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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