Baltimore Developer Sues Insurer To Recover Pandemic Business Losses
Wednesday, August 26th, 2020 LitigationThe Cordish Cos., operator of Live! Casino in Hanover and entertainment centers, casinos, malls and hotels across the United States, is suing its insurer for failing to cover hundreds of millions of dollars in business losses amid pandemic closures.
The Baltimore-based developer filed a breach-of-contract lawsuit against Affiliated FM Insurance Co., arguing that business interruption losses associated with communicable disease are covered in its policy.
Cordish properties, such as Power Plant and Power Plant Live! in Baltimore, depend upon gatherings of large crowds, with visitors typically able to mill about from bar to restaurant in a stadium-like atmosphere, says the lawsuit, filed in Baltimore Circuit Court.
“Unlike a retail store selling a product, or a traditional restaurant selling food and beverages, the sports and entertainment businesses primarily sell experiences that involve customers coming onto and moving about the premises and interacting with one another there,” the lawsuit says.
