Court Ruling Favors Nevada Mirage

June 29, 2009

The Nevada Supreme Court says the MGM Mirage and another Las Vegas company can recover hundreds of thousands of dollars from a state insurance pool.

Justices overturned a lower court ruling that the nonprofit Nevada Insurance Guaranty Association didn’t have to cover excess worker compensation claims from MGM Mirage and Steel Engineers.

MGM and Steel are self-insured for most claims from workers injured on the job. But they’re required to buy additional insurance coverage for excess claims, and purchased policies for such coverage from Reliance National Insurance Co.

Reliance was declared insolvent in 2001, and the two Nevada companies went to court after the guaranty association refused to cover excess claims of some injured workers.

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