MLB Sues Insurance Providers Over COVID Losses

The MLB faced significant financial losses due to the COVID-19 pandemic, with the 2020 season largely played without fans and over 1500 games canceled. Despite having paid for comprehensive insurance policies to safeguard against such economic losses, MLB claims that insurers AIG, Factory Mutual, and Interstate Fire and Casualty have not honored their contractual obligations. Consequently, MLB has filed a lawsuit involving various entities, including the Baseball Commissioner's Office and MLB Network, to seek compensation.

What was one of the major impacts of the coronavirus pandemic on MLB in 2020?

• Increased ticket sales

• Introduction of new teams

• Cancellation of over 1500 games

• Expansion of stadiums

What type of insurance policies did MLB have to protect against economic losses?

• Travel insurance policies

• Life insurance policies

• All risks policies

• Health insurance policies

Which companies are mentioned as refusing to fulfill their insurance obligations to MLB?

• State Farm, Allstate, and Geico

• AIG, Factory Mutual, and Interstate Fire and Casualty

• MetLife, Prudential, and New York Life

• Liberty Mutual, Progressive, and Nationwide

What action did MLB take in response to the insurance companies' refusal to pay?

• Filed a lawsuit

• Negotiated a new contract

• Increased ticket prices

• Expanded the league

Which entities are included in the lawsuit filed by MLB?

• NASCAR, PGA, and ATP

• National Football League, NBA, and NHL

• Baseball Commissioner's Office, MLB Network, and tickets.com

• FIFA, UEFA, and IOC