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Nord Stream Insurers Refusal to Pony Up For Damages to Sabotaged Pipeline

April 30th, 2024 Awake Goy

Lloyd’s of London and Bermuda-based Arch Insurance deny the €400 million claim by Nord Stream AG, arguing their policies do not provide coverage for the 2022 underwater explosions that ruptured the natural gas pipelines in the Baltic Sea because the damage was inflicted by “a government.”

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