Lloyd's of London, AIG, and AXA XL, among others

Oklahoma tribe sues insurance companies over COVID-19 closure losses

The Chickasaw Nation owns and operates many casinos in Oklahoma included WinStar World Casino and Resort in Thackerville, Oklahoma.
2020-03-25
Reading time 56 seg
The Chickasaw Nation is requesting a state court to declared that losses it is incurring from shutting down its casinos during the coronavirus health crisis are covered by its business insurance.

The Chickasaw Nation initiated Tuesday legal proceedings against insurance marketplace Lloyd’s of London, as well as units of American International Group and AXA XL, among others.

They are among a number of Oklahoma tribes that have temporarily closed casinos they own in order to curb the spread of the disease, Reuters reports.

At issue is a type of commercial insurance that covers businesses for income lost due to property damage. Lawyers for both insurers and policyholders anticipate a wave of litigation over whether various insurance policies for so-called “business interruption” will cover coronavirus-related shutdowns.

The Native American gaming industry on March 17 requested U.S. federal aid as it shut casinos that are the sole source of commercial revenue for dozens of tribes in a bid to slow the spread of the new coronavirus.

Backed by a coalition of Native American organizations, the National Indian Gaming Association (NIGA) proposed in a letter addressed to US House members that tribes receive a federal aid share of about 2%, proportionate with their share of the US population, of the $850 billion economic stimulus package proposed by President Donald Trump last week.

The Chickasaw Nation owns and operates many casinos in Oklahoma included WinStar World Casino and Resort in Thackerville, Oklahoma.

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