American Excess Insurance v. MGM Grand Hotels, Inc.

OPINION

On November 21, 1980, a major fire occurred at the MGM Grand Hotel and Casino in Las Vegas, resulting in more than 3,000 liability claims for wrongful death, personal injury and property damage. At the time of the fire, defendants/ counterclaimants/respondents MGM Grand Hotels, Inc. and MGM Grand Hotel-Las Vegas, Inc. (MGM) carried $30,000,000 of liability insurance coverage written on a layered basis by four different insurance companies. Plaintiff/counterdefendant/ appellant American Excess Insurance Company (AEI) provided the second layer of excess umbrella coverage, in the amount…