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Bermuda insurers seek to recover $10 m payout for Las Vegas casino fire

Three Bermuda insurers are seeking to recover a $10 million insurance pay-out from contractors they blame for a fire that closed the Bellagio hotel and casino in Las Vegas for four days in 2004. Everest Reinsurance (Bermuda) Ltd., Allied World Assurance Company Ltd., both incorporated and based in Bermuda, and Arch Insurance Group, incorporated in Bermuda, based in New York, filed a civil lawsuit at the U. S. District Court for the District of Nevada on May 4, 2006. Co-plaintiffs are Lexington Insurance Company, incorporated in Delaware, based in Boston, Massachusetts; and Westchester Surplus Lines Insurance Company, incorporated in Georgia, based in Philadelphia, Pennsylvania.