The NBA team has become the first to sue its insurer for denial of a business interruption claim. The Houston Rockets NBA team has filed a lawsuit against its insurer, Affiliated FM Insurance, for the denial of its coronavirus pandemic-related business interruption policy claim, said a Bloomberg Law report. The lawsuit involves the denial of a $400 million claim on the policy relating to losses from COVID-19. Houston Rockets owner, Tilman Fertitta’s company Rocket Ball and Clutch City Sports & Entertainment is the holding company for both the NBA team…
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