Insurance industry officials are missing out on some good coverage opportunities if they believe that Indian tribes are merely limited to high-profile casino entrepreneurs or cigarette wholesalers. While Indian gaming generated nearly $20 billion in gross revenues in 2005, their business interests are much wider than that.
Indeed, tribes occupy more than 55 million acres of land in 30 states, and most of the Fortune 500's top-20 companies now do business in Indian Country, including Wal-Mart, Exxon, G.M. and Ford, Home Depot, Target and Bank of America.
However, be aware that an extremely complicated body of tribal, state and federal law known as "Indian law" is the foundation for every transaction and lawsuit in Indian Country. This article briefly explains how federal Indian legal principles increasingly collide with general tort and insurance defense and coverage issues.
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