17.6 C
Edmonton
Thursday, September 29, 2022

Insurers sued for $174 million by Edmonton’s Oilers group of companies

Must read

NY attorney general wants to expedite lawsuit against Trumps and their business

The New York attorney general wants to expedite her civil lawsuit against former President Donald Trump, his family members and the Trump Organization, and...

Latin America’s largest democracy is days away from choosing its next president

Brazil's upcoming presidential election has been shrouded by an unprecedented climate of tension and violence. As the Oct. 2 vote approaches, episodes of harassment...

Germany will borrow nearly $200 billion to cap consumers’ energy bills

The German government announced it plans to borrow €200 billion ($195 billion) to cap natural gas prices for households and businesses. That's a bigger...

US defeats Russia in a battle to control the future of the global internet

The United States has soundly defeated Russia in an election to control a United Nations body responsible for shaping global internet development, a contest...

According to the report filed in the Court of Queen’s Bench, the Edmonton Oilers and their associates have sued at least four insurance companies for exorbitant business losses over the past two years due to the pandemic.

In the past, the Oilers group once took out a so-called “all-risk” insurance policy in order to protect themselves against any business interruption, even for pandemic reasons. The plaintiffs have now refused to fully comply with the terms of the policy. Moreover, the insurers claim as a defense that viruses do not cause physical damage or loss, either material or physical.

- Advertisement -

Popular

Leave a Reply

- Advertisement -

Latest article

NY attorney general wants to expedite lawsuit against Trumps and their business

The New York attorney general wants to expedite her civil lawsuit against former President Donald Trump, his family members and the Trump Organization, and...

Latin America’s largest democracy is days away from choosing its next president

Brazil's upcoming presidential election has been shrouded by an unprecedented climate of tension and violence. As the Oct. 2 vote approaches, episodes of harassment...

Germany will borrow nearly $200 billion to cap consumers’ energy bills

The German government announced it plans to borrow €200 billion ($195 billion) to cap natural gas prices for households and businesses. That's a bigger...

US defeats Russia in a battle to control the future of the global internet

The United States has soundly defeated Russia in an election to control a United Nations body responsible for shaping global internet development, a contest...

Kamala Harris visits DMZ amid tension over North Korean missile launch

US Vice President Kamala Harris will visit the Demilitarized Zone that divides North and South Korea on Thursday -- one day after Pyongyang fired...