UPDATE 1-Native American casino owner sues Lloyd's, AIG over coronavirus losses [Reuters]
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Source: Reuters
UPDATE 1-Native American casino owner sues Lloyd's, AIG over coronavirus losses (Adds details about suit, business interruption coverage and New Orleans restaurant suit) By Suzanne Barlyn March 24 (Reuters) - A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance. Among the defendants named in the lawsuit filed by the Chicksaw Nation in Oklahoma state court are several underwriters for insurance marketplace Lloyd’s of London, a unit of American International Group Inc and XL Insurance America, now part of AXA SA. Representatives for Lloyd’s, XL Insurance and AIG declined comment. The Chicksaw Nation and other Oklahoma tribes have temporarily shuttered their casinos in order to curb the spread of the coronavirus. The Native American gaming industry on March 17 requested $18 billion in federal aid as it shut casinos that are the s
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News
- American International Group, Inc. (NYSE: AIG) had its price target raised by analysts at Wells Fargo & Company from $80.00 to $82.00. They now have an "equal weight" rating on the stock.MarketBeat
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- American International Group, Inc. (NYSE: AIG) had its price target raised by analysts at Evercore ISI from $80.00 to $81.00. They now have an "in-line" rating on the stock.MarketBeat
AIG
Earnings
- 5/1/24 - Beat
AIG
Sec Filings
- 5/9/24 - Form 497K
- 5/9/24 - Form 497
- 5/2/24 - Form 10-Q
- AIG's page on the SEC website