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MLB: war on insurance!

All 30 Major League Baseball (MLB) teams have sued insurance companies to cover billions of dollars in losses the sport suffered from the coronavirus pandemic



All 30 MLB teams, the baseball commissioner's office, MLB digital and streaming services, MLB Network, and Tickets.com have collectively sued their insurance providers, citing extensive property damage and loss of property.


The lawsuit, filed on Oct. 16, claims that the MLB bought "the best All Risks policies" to protect baseball "from the risk of catastrophic economic losses" it now faces from the pandemic.


"Baseball has paid millions of dollars in premiums year after year because it deliberately bought wider and more protective coverage," but insurers "publicly refused to live up to their contractual obligation to pay what they promised," according to the cause.


Faced with nationwide restrictions due to the pandemic, clubs have canceled more than 1,500 games, resulting in the shortest regular season on record.


No more "fake crowd noises" when fans return to MLB for the first time since March

No more "fake crowd noises" when fans return to MLB for the first time since March

"COVID-19 forced clubs to play the entire shortened regular season without that core: the fans in the stands," according to the lawsuit.


A limited number of fans were allowed to participate in the National League Championship Series and World Series at Globe Life Field in Arlington, Texas.


The lawsuit says the teams have lost revenues they relied on from ticket sales, concessions, parking and merchandise sales, as well as more than $ 1 billion in losses from local and national media broadcast rights.

The MLB began its 60-game season in July, four months after the opening day postponement. Normally, the 30 MLB teams each play 162 games from late March to early October, followed by a post-season.


"Due to COVID-19, Major League Baseball entities, including those of the 30 Major League clubs, have suffered significant financial losses due to our inability to play, host fans, and otherwise conduct normal business operations during much of it. 2020 We strongly believe these losses are fully covered by our insurance policies and are confident the court and jury will agree, "MLB said in a statement.


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