12.8 C
Edmonton
Saturday, September 23, 2023

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

Must read

Democratic lawmakers call on FEC to consider crackdown on deepfake campaign ads

A group of Democratic lawmakers is calling on the Federal Election Commission to consider cracking down on the use of artificial intelligence technology in...

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

Democratic lawmakers call on FEC to consider crackdown on deepfake campaign ads

A group of Democratic lawmakers is calling on the Federal Election Commission to consider cracking down on the use of artificial intelligence technology in...

Ukraine will ‘no doubt’ join NATO when war with Russia ends, US defense secretary tells CNN

The US secretary of defense told CNN on Thursday he has "no doubt" that Ukraine will become part of NATO after Russia's war against...