Life Insurance

Philadelphia Eagles look to tackle insurer with lawsuit over pandemic losses

A football team playing in the NFL is suing its insurer over economic losses it claims it suffered due to the COVID-19 pandemic.

The Philadelphia Eagles filed its lawsuit on March 11, 2021 in Philadelphia Common Pleas Court. The team named its insurer Factory Mutual Insurance Company as the defendant.

In the complaint, lawyers for the Eagles said that “despite best efforts to navigate the pandemic,” the team and its insured subsidiaries “have incurred and continue to incur substantial financial loss” caused by the pandemic and the disruption it caused to businesses everywhere.

The lawsuit also said that the Eagles had paid “top dollar” for “best-in-class insurance coverage” from Factory Mutual.

“In total, the policy provides coverage of up to $1 billion per occurrence for precisely the type of losses incurred by the Eagles,” the lawsuit said.

But the team said that its insurer intended to “strictly limit coverage to the $1 million aggregate sublimit for Communicable Disease coverage.”

The Philadelphia Inquirer reached out to FM Global, the parent company of Factory Mutual Insurance, for a statement.

“FM Global values the long-term relationships we have with our policyholders and we are proud to be leading the industry for claims service,” said FM Global spokesperson Steven Zenofsky. “It is unfortunate when legal matters arise because we strongly believe our insurance policies are clear on the coverage provided.”

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