Reports: Rockets first NBA team to sue insurance co. over denied pandemic coverage claim
The Houston Rockets filed a lawsuit against the team’s insurer for denying a claim to recoup financial losses caused by the Covid-19 pandemic, according to multiple reports.
Rocket Ball Ltd. and Clutch City Sports & Entertainment LP, the respective holding companies for the Houston Rockets and the Toyota Center, sued Rhode Island-based Affiliated FM Insurance Co. on July 15, according to Rhode Island court records. The lawsuit asserts that more than $700,000 in annual premiums were paid for $400…
