After $1 billion in damages, NHL and 20 groups sue insurers over COVID-related denials

The NHL and 20 of its teams claim to have lost more than $1 billion because of the COVID-19 pandemic, and they are suing five of their insurance providers for reimbursement. In a lawsuit filed last June in California Superior Court, the plaintiffs allege their insurance provider breached contract by failing to reimburse them for losses they suffered because of a contagious disease. .

While the claim does not provide a specific amount the plaintiffs hope to recover, NHL and its teams say they have lost more than $1 billion from canceling 189 regular games during the 2019-20 season and banning fans from that season’s knockout stages. In 2020-21, the NHL and its teams suffered additional losses by shortening the regular season to 56 games and limiting fan attendance.

“Fan attendance is a source of income for the plaintiffs,” the NHL statement said, TSN. “A significant source of income for plaintiffs comes from arena-related activities, such as ticket sales, franchises, parking, and arena merchandise sales.”

The NHL and its teams also claim to have spent millions on COVID-19 prevention measures like HVAC systems and zero-touch entrances, and they want defendants – Factory Mutual Insurance Co., Ltd. Cincinnati Insurance Company, Starr Surplus Lines Insurance Company, Lexington Insurance Company and Federal Insurance Company – there are at least some on the bill.

Factory Mutual asked to dismiss the NHL’s claims in a November 12 court petition, citing a lack of “physical loss or damage” to the plaintiff’s property. The NHL and its groups protested on December 16, saying their policies cover lost revenue while a government order restricts access to their assets.

The dispute began shortly after the NHL and its teams allegedly provided a loss report to Factory Mutual on March 13, 2020. Nine days later, according to the NHL, Factory Mutual told the federation about the incident. presence of COVID-19 at a covered location. does not constitute “physical damage of the type insured.”

This is not the only legal battle related to COVID between sports organizations and insurance companies. NCAA Reportedly Raised $270 Million After Cancellation March Madness in 2020, and that same year MLB and 30 of its groups have filed lawsuits against three insurance companies over the denied claims. After $1 billion in damages, NHL and 20 groups sue insurers over COVID-related denials

James Brien

24ssports is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button