It was a terrible fire. On November 21, 1980, 85 people died when a refrigerated pastry display caught fire at the MGM Grand in Las Vegas. The Grand Hotel Gift Shop was destroyed in the fire. The Gift Shop suffered almost a $1,000,000 in business interruption damages. The Gift Shop sued its insurance broker, and the insurance company that wrote its business interruption insurance, Granite State Insurance. Prior to trial, the Gift Shop settled with the broker and resolved several of its … [Read more...]
In Nevada, An Insurance Agent Or Broker Is Generally An Agent Of The Insured, Not The Insurer
November 9, 2023 by
Nevada Recognizes Duty of Insurance Producers To Use Due Diligence to Place Insurance Or To Seasonably Notify The Client That The Insurance Can’t Be Obtained
February 22, 2016 by
Victor Havas’ bad luck with insurance did not start in 1979 as reported here. He had been having insurance issues long before that.Back in the late sixties, Mr. Havas owned a used car lot. Some of his used cars came up missing. He hired Richard Carter of Insurance Agency, Inc. to find him an “open lot insurance” that would cover his inventory against fire, theft and other losses.Carter had some success and placed the policy which later cancelled. He tried again and again the policy … [Read more...]
