MGM Resorts International, owner of Mandalay Bay in Las Vegas, has filed a suit against their insurer, claiming the company has failed to pay defense costs for lawsuits that were filed after the Oct. 1, 2017 shooting that left 58 people dead and over 500 more injured. So far, over 4,000 people have filed suit, seeking compensation for claims related to the shooting.
According to news reports, Zurich American Insurance Co. sold MGM a primary commercial general liability insurance policy, setting a $1 million limit for each occurrence between July 1, 2017, and July 1, 2018. According to MGM's attorneys, the insurance company promised to defend them from claims and lawsuits alleging bodily injury or property damage. MGM's position is they have to pay up to $500,000 for the defense of shooting-related claims, and Zurich American Insurance Co. is in charge of paying the rest, up to the point the limit of liability is exhausted. Read more about the lawsuit here.
At the law offices of T. Verner Smith, we represent clients who have suffered personal injury or worse due to the negligence of another. These types of lawsuits not only provide necessary compensation for those who were wrongfully hurt in an accident, but also creates an environment of caution leading to higher safety standards for all. Contact us for a free consultation at (731) 423-1888, (901) 730-4567, or (615) 371-6136.