Casino.org<\/a>.<\/span><\/p><\/blockquote>\nNo Impact<\/h2>\n
MGM has reported $751 million in coverage through multiple insurance providers, so its dispute with Illinois-based Zurich American has no impact on the casino operator’s ability to pay claims related to the October 2017 tragedy.<\/p>\n
The Bellagio and Mirage owner said that following the shooting, under the terms of its policy with Zurich, it swiftly assembled a \u201ccompetent defense team\u201d and notified the insurance carrier of the events, but due to the gravity of the situation, MGM’s $500,000 SIR rapidly evaporated.<\/p>\n
In the suit, MGM contends it fulfilled all of its obligations following the shooting, but also claims Zurich isn’t holding up its end of the bargain.<\/p>\n
More specifically, “Zurich has failed to pay for all reasonable Defense Costs, including substantial amounts due to retained attorneys, expert witnesses, consultants and other vendors that Zurich specifically approved,\u201d said MGM in the court filing.<\/p>\n","protected":false},"excerpt":{"rendered":"
MGM Resorts International is suing Zurich American Insurance Company for breach of contract, claiming the insurance provider is not fulfilling its contractual obligation to cover the casino operator’s legal bills stemming from the October 2017 mass shooting at the Mandalay Bay in Las Vegas. MGM’s litigation against Zurich American is not related to gaming company’s […]<\/p>\n","protected":false},"author":46,"featured_media":107481,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,60],"tags":[],"acf":[],"yoast_head":"\n
MGM Resorts Sues Zurich After Insurance Company Balks at Paying Casino Operator's Legal Bills - Casino.org MGM's Insurance Company Doesn't Want to Pay Casino Firm's Legal Bills<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n