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The start-up has filed a countersuit against the brokerage giant after it accused founders of trade secrets misappropriation.
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SCGM says that the policy provides coverage because Covid-19 is a variant of SARS. -
Prime Time Sports Grill says its insurance claim was denied on 23 March.
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The entities allege that Wisconsin-based Society Insurance should provide coverage for "necessary suspension" of business.
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The Chickasaw and Choctaw nations say they their properties sustained direct physical loss, meriting coverage.
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The case is likely the first over alleged misrepresentations to investors about the virus.
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Investors filed the proposed securities class action last March following the delisting of $1.2bn in preferred shares.
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The resort’s owner said it had settled its dispute with XL, Lloyd’s underwriters and US Fire over a Hurricane Irma claim.
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The carriers claim in a lawsuit that Maiden wrongfully stopped paying claims in late 2018.
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In an unrelated incident, another Erie employee was dismissed over criminal charges involving invasion of privacy.
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On Thursday morning, Travelers reported EPS of $3.32 versus $2.13 YoY and a headline beat versus analyst consensus of $3.29, in part driven by low catastrophe losses (thanks to an aggregate reinsurance recovery).
