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MLB sues insurance providers over ‘significant’ COVID-related losses

Major League Baseball, along with its 30 teams, is suing its insurance providers, claiming “billions of dollars” in losses after the majority of the 2020 season was played behind closed doors.

The Associated Press news agency obtained a copy of the lawsuit, which was filed in October. MLB is claiming that AIG, Factory Mutual and Interstate Fire and Casualty Company refused to pay claims made by the league despite its “top-shelf all-risk” policy purchases.

In a statement to the AP, MLB said: “Due to COVID-19, the Major League Baseball entities, including those of the 30 major league clubs, have incurred significant financial losses as a result of our inability to play games, host fans and otherwise conduct normal business operations during much of the 2020 season.

“We strongly believe these losses are covered in full by our insurance policies, and are confident that the court and jury will agree.”

Head to our sister site TheTicketingBusiness.com for the full story.

Image: Pixabay