Aspen Specialty Insurance Co. told a Nevada federal judge that a Las Vegas hotel and casino's insurer cannot force it to chip in more for the $1.4 million settlement of a personal injury suit, arguing the hotel did not suffer any damages from stalled negotiations.
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Trade Groups Urge 11th Circ. To Toss Florida Virus Suit
Law360 (July 19, 2021, 9:16 PM EDT) Two of the largest insurer trade groups in the country warned the Eleventh Circuit that overturning a COVID-19 coverage ruling in favor of Aspen Specialty Insurance Co. would threaten the solvency of the entire insurance industry, according to an amicus brief filed Friday.
The American Property Casualty Association and the National Association of Mutual Insurance Companies told the appellate court that it should uphold a Florida district court s ruling that Rococo Steak LLC of St. Petersburg, Florida, did not suffer physical loss or damage from the virus.
Aspen Specialty Insurance Co. urged the Eleventh Circuit on Thursday to back its win against a Florida steakhouse's COVID-19 business interruption coverage suit, pointing out that property insurance policies are not designed to extend to coverage against pandemics.
A Florida steakhouse has urged the Eleventh Circuit to revive its lawsuit seeking COVID-19 business interruption coverage from its insurer, criticizing a lower court's reliance on an influential opinion in the circuit involving "direct physical loss of or damage to" property.
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