Vegas Shooting – Lawsuit Payouts – Feel it in the Pockets
Vegas Shooting – Lawsuit Payouts – Feel it in the Pockets
Billions will be paid out by insurance, but will it be enough? Chad discusses his thoughts on
whether it should be paid out of Pocket or in all covered by insurance. who should pay? How
bad should Mandalay Bay, MGM, & Live Nation feel it in their pockets?
whether it should be paid out of Pocket or in all covered by insurance. who should pay? How
bad should Mandalay Bay, MGM, & Live Nation feel it in their pockets?
Key Points:
In cases like this MGM, Mandalay Bay, and Live Nation have insurance policies for themselves to protect them. The coverage will be along the lines of $1B+, all three should have significant levels of insurance, but even at that level, it’s just not enough. It needs to hit them [MGM, Mandalay Bay, and Live] in the pockets.
There are 58 people dead, more than 500 people shot, over 2,000 trampling injuries, and as many as 20,000 people with PTSD. Life will never be the same. There could have been things done to prevent it. It shouldn’t have happened. Simply passing the insurance buck on isn’t enough.
The Vegas Victims’ Fund - More Information
Chad outlines all aspects of the Las Vegas Victims’ Fund. From what it is, who is the governing body, the application, review, and distribution processes to the deadline and who qualifies, it’s all covered here.
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