UPDATE 1-Native American casino owner sues Lloyd's, AIG over coronavirus losses [Reuters]
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Source: Reuters
UPDATE 1-Native American casino owner sues Lloyd's, AIG over coronavirus losses (Adds details about suit, business interruption coverage and New Orleans restaurant suit) By Suzanne Barlyn March 24 (Reuters) - A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance. Among the defendants named in the lawsuit filed by the Chicksaw Nation in Oklahoma state court are several underwriters for insurance marketplace Lloyd’s of London, a unit of American International Group Inc and XL Insurance America, now part of AXA SA. Representatives for Lloyd’s, XL Insurance and AIG declined comment. The Chicksaw Nation and other Oklahoma tribes have temporarily shuttered their casinos in order to curb the spread of the coronavirus. The Native American gaming industry on March 17 requested $18 billion in federal aid as it shut casinos that are the s
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News
- ‘We want to pay it forward': Funding Societies raises $25M to boost capital for SMEs in Southeast Asia [TechCrunch]TechCrunch
- Are American International Group, Inc.'s (NYSE:AIG) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness? [Yahoo! Finance]Yahoo! Finance
- AIG announces launch of new reinsurance syndicate at Lloyd's [Yahoo! Finance]Yahoo! Finance
- AIG Leads Launch of Syndicate 2478 at Lloyd’s Through Multi-Year Blackstone Strategic RelationshipBusiness Wire
- AIG Announces Results and Upsizing of Its Tender Offers for Certain Outstanding NotesBusiness Wire
AIG
Earnings
- 11/4/24 - Beat
AIG
Sec Filings
- 12/17/24 - Form 4
- 12/13/24 - Form 8-K
- 12/11/24 - Form 4
- AIG's page on the SEC website