Circus Circus Sues AIG Insurance

Las Vegas-based Circus Circus Casino has announced that they're suing insurance group AIG for more than $75 million because the company's insurance policy failed to cover "all risks" related to the Covid-19 pandemic.

The two groups entered into an insurance policy last December, which provided up to $500 million in coverage against "all risks of direct physical loss or damage to insured property from a covered cause of loss". Circus Circus alleges that a "covered cause" in the insurance policy includes any cause not specifically excluded in the policy.

The casino says that the policy didn't have a stipulation that excluded a highly contagious disease, nor were government-imposed stay at home orders. Because of this, they feel they're entitled to damage payouts from AIG, who in turn claims that the shutdown isn't covered.

The case was filed in the US District Court for Nevada, and will be heard in the future. We'll be sure to update readers as we learn more.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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usbarbadosslim93
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8 July 2020 - 6:09pm
#1

This seems pretty cut and dry to me. If it's not excluded in the language, then they should pay up.

auCL-Ed
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9 July 2020 - 1:34am
#2

Yep. Insurance company tries to avoid paying out. What a surprise. News at 11. 😉

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caWaroftheGods
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9 July 2020 - 10:01am
#3

I agree slim, completely. Like Ed mentioned there how common it is for an insurance company to avoid paying up the big bucks. When will these companies learn they will need to put specifics into their contracts. Otherwise, they will have to pay up. Isnt this why everybody pays for insurance for many reasons, so when the unexpected happens, they need not worry because they've been paying into the insurance. Lol

auCL-Ed
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9 July 2020 - 11:47pm
#4

Exactly. It's the whole point of insurance. But the insurance companies often try to use the old "act of god" clause that to weasel out of paying.

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