Friday, April 26, 2024

140 - Nordstream AG and the insurance case - update


The insurers of Nord Stream have rebuffed claims in their written defense filed at London's High Court, asserting that their policies do not cover damages incurred by gas pipelines due to explosions in 2022, citing the cause as war-related.  Insurers said Nord Stream's policy did not cover damage "directly or indirectly" resulting from war, military actions or the detonation of explosives

[Mrt: This is exactly my point - the war for the definition of the event started straight after the event happened, and could have been actually even started before as data point that some people may have known before it happened.]

Nord Stream is pursuing compensation exceeding 400 million euros ($427 million) from its insurers for the explosions that inflicted damage on pipelines intended for the transportation of Russian gas to Germany.

The insurers also stated that the policy does not cover any damage which happened "under the order of any government".

"The defendants will rely on ... the fact that the explosion damage could only have – or, at least, was more likely than not to have – been inflicted by or under the order of a government," the insurers' lawyer said.

Gazprom, which built the pipelines, and Nord Stream AG did not reply to requests for comment.

link via ErkPerk - here



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