{"id":204369,"date":"2022-03-08T12:49:12","date_gmt":"2022-03-08T20:49:12","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=204369"},"modified":"2022-03-08T13:39:33","modified_gmt":"2022-03-08T21:39:33","slug":"factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims\/","title":{"rendered":"Factory Mutual Says Wynn COVID-19 Suit Doesn’t Have Physical Damage Grounds"},"content":{"rendered":"

Factory Mutual Insurance Co., one of Wynn Resorts’ insurance providers, is asking a federal court to take judicial notice on portions of the gaming company’s suit against the insurance provider. It asks that it note the casino operator’s COVID-19 policy doesn’t include physical damages.<\/p>\n

\"Factory
Wynn and Encore on the Las Vegas Strip, seen above. Factory Mutual doesn’t want to pay all of Wynn’s COVID-19 insurance claims. (Image: Las Vegas Sun<\/em>)<\/figcaption><\/figure>\n

In documents filed with the US District Court, District of Nevada, Factory Mutual says Wynn is seeking damages for its Las Vegas venues — Wynn and Encore — stemming from the coronavirus pandemic. The insurance company acknowledges the integrated resort operator has communicable disease coverage to the tune of $1 million. But Wynn is seeking damages well in excess of its coverage.<\/p>\n

Factory Mutual adds Wynn is attempting to exploit loopholes in its other policies to garner more monetary damages. But the insurance provider says those policies are inapplicable in this case because those policies require damage or physical loss.<\/p>\n

As the great majority of courts to have addressed the question have concluded, neither the presence of COVID-19 nor the loss of use of physical premises because of closure orders qualifies as ‘physical loss or damage,’\u201d<\/strong> said the insurance company in a court document.<\/p><\/blockquote>\n

Following the onset of the global health crisis in early 2020, US casinos endured multi-month closures, losing 45,600 operating days in that year while enduring a 31.2 percent drop<\/a> in revenue from 2019.<\/p>\n

Casino Operators Find Tough Sledding<\/h2>\n

Wynn is far from the only gaming company to sue an insurance provider for coronavirus damages. It’s part of an expansive group of commercial and tribal operators to do so.<\/p>\n

\n

In 2020, multiple tribal gaming operators<\/a> sued insurance providers to secure pandemic payouts. In Las Vegas, billionaire Phil Ruffin\u2019s Circus Circus sued <\/a>American International Group (AIG), while his Treasure Island also filed a legal complaint against an insurance company.<\/p>\n<\/div>\n

Last year, Caesars Entertainment brought a $2 billion suit against a group of insurers, including Allianz, Chubb, Aspen, and Lloyds of London, claiming those providers refused to make good on coronavirus payouts.<\/p>\n

However, as Factory Mutual notes in its documents, courts are consistently siding with insurance companies. They are finding that simply because a casino was forced to close and lost business, that doesn’t mean physical damages were incurred.<\/p>\n

Case Continues<\/h2>\n

In January, Factory Mutual sought dismal of the case<\/a>, but US District Court Judge Andrew Gordon denied that motion.<\/p>\n

For now, the case is ongoing and it appears the insurance will pay the communicable disease coverage, but it’s not likely to readily pay Wynn’s other claims unless ordered to do so.<\/strong><\/p>\n

\u201cIn sum, Wynn seeks coverage it did not pay for, and attempts to impose a financial burden that Factory Mutual never agreed to undertake. Judgment on the pleadings as to all claims other than those based on the limited Communicable Disease Provisions is appropriate,\u201d according to Factory Mutual’s legal brief.<\/p>\n","protected":false},"excerpt":{"rendered":"

Factory Mutual Insurance Co., one of Wynn Resorts’ insurance providers, is asking a federal court to take judicial notice on portions of the gaming company’s suit against the insurance provider. It asks that it note the casino operator’s COVID-19 policy doesn’t include physical damages. In documents filed with the US District Court, District of Nevada, […]<\/p>\n","protected":false},"author":46,"featured_media":204370,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,81881],"tags":[],"acf":[],"yoast_head":"\nFactory Mutual Fighting Wynn On Some COVID-19 Insurance Claims<\/title>\n<meta name=\"description\" content=\"Factory Mutual asks court to toss Wynn's physical damage coronavirus claims.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Factory Mutual Fighting Wynn On Some COVID-19 Insurance Claims\" \/>\n<meta property=\"og:description\" content=\"Factory Mutual asks court to toss Wynn's physical damage coronavirus claims.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-08T20:49:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-08T21:39:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/wynn.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1041\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims\/\",\"url\":\"https:\/\/www.casino.org\/news\/factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims\/\",\"name\":\"Factory Mutual Fighting Wynn On Some COVID-19 Insurance Claims\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/wynn.jpg\",\"datePublished\":\"2022-03-08T20:49:12+00:00\",\"dateModified\":\"2022-03-08T21:39:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Factory Mutual asks court to toss Wynn's physical damage coronavirus claims.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/factory-mutual-fighting-wynn-on-some-covid-19-insurance-claims\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/wynn.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/wynn.jpg\",\"width\":1600,\"height\":1041,\"caption\":\"Wynn and Encore on the Las Vegas Strip. 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