{"id":156501,"date":"2024-04-24T16:06:27","date_gmt":"2024-04-24T16:06:27","guid":{"rendered":"https:\/\/yogaesoteric.net\/?p=156501"},"modified":"2024-04-24T16:06:27","modified_gmt":"2024-04-24T16:06:27","slug":"uk-insurers-refuse-to-pay-nord-stream-because-blasts-were-government-backed","status":"publish","type":"post","link":"https:\/\/yogaesoteric.net\/en\/uk-insurers-refuse-to-pay-nord-stream-because-blasts-were-government-backed\/","title":{"rendered":"UK insurers refuse to pay Nord Stream because blasts were \u2018government\u2019 backed"},"content":{"rendered":"<p>The legal team representing high-powered insurers Lloyd\u2019s and Arch says that since the Nord Stream explosions were \u201c<em>more likely than not to have been inflicted by a government<\/em>,\u201d they have no responsibility to pay for damages to the pipelines. To succeed with that defense, the companies will presumably be compelled to prove, in court, who carried out those attacks.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-156502\" src=\"https:\/\/yogaesoteric.net\/wp-content\/uploads\/2024\/04\/ns.jpg\" alt=\"\" width=\"560\" height=\"316\" srcset=\"https:\/\/yogaesoteric.net\/wp-content\/uploads\/2024\/04\/ns.jpg 876w, https:\/\/yogaesoteric.net\/wp-content\/uploads\/2024\/04\/ns-300x170.jpg 300w, https:\/\/yogaesoteric.net\/wp-content\/uploads\/2024\/04\/ns-768x434.jpg 768w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/p>\n<p>British insurers are arguing that they have no obligation to honor their coverage of the Nord Stream pipelines, which were blown up in September 2022, because the unprecedented act of industrial sabotage was likely carried out by a national government.<\/p>\n<p>A legal brief filed on behalf of UK-based firms Lloyd\u2019s Insurance Company and Arch Insurance states that the \u201c<em>defendants will rely on, inter alia, 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<\/em>.\u201d<\/p>\n<p>As a result, they argue, \u201c<em>the explosion damage was directly or indirectly occasioned by, occurring through, or in consequence of the conflict between Russia and Ukraine<\/em>\u201d and falls under an exclusion relating to military conflicts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: The &quot;defense&quot; of Nord Stream AG&#39;s insurance companies has been filed. <\/p>\n<p>LLoyds and Arch argue that the damage was inflicted by, or under order of, a GOVERNMENT , and therefore they don&#39;t need pay.  &#8211;&gt; <a href=\"https:\/\/t.co\/Unyh6Dtqqa\">pic.twitter.com\/Unyh6Dtqqa<\/a><\/p>\n<p>&mdash; Erik Andersson \ud83d\udc18 (@Erkperk) <a href=\"https:\/\/twitter.com\/Erkperk\/status\/1780295791476605061?ref_src=twsrc%5Etfw\">April 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The brief comes a month after Switzerland-based Nord Stream AG filed a lawsuit against the insurers for their refusal to compensate the company. Nord Stream, which estimated the cost incurred by the attack at between \u20ac1.2 billion and \u20ac1.35 billion, is seeking to recoup over \u20ac400 million in damages.<\/p>\n<p>Swedish engineer Erik Andersson, who led the first private investigative expedition to the blast sites of the Nord Stream pipelines, describes the insurers\u2019 legal strategy as a desperate attempt to find an excuse to avoid honoring their indemnity obligations.<\/p>\n<p>\u201c<em>If it\u2019s an act of war and ordered by a government, that\u2019s the only way they can escape their responsibility to pay<\/em>,\u201d Andersson told.<\/p>\n<p>Following a report by Pulitzer Prize-winning journalist Seymour Hersh which alleged that the US government was responsible for the Nord Stream explosion, Western governments quickly spun out a narrative placing blame on a team of rogue Ukrainian operatives. Given the lack of conclusive evidence, however, proving that the explosions were \u201c<em>inflicted by or under the order of a government<\/em>\u201d would be a major challenge for defense lawyers.<\/p>\n<p>Even if the plaintiffs in the case are able to wrest back the funds in court, they are likely to face other serious hurdles. Later in the brief, lawyers for Lloyd\u2019s and Arch suggest that even if they were required to pay up, anti-Russian sanctions would leave their hands tied.<\/p>\n<p>\u201c<em>In the event that the Defendants are found to be liable to pay an indemnity and\/or damages to the Claimant<\/em>,\u201d the brief states, \u201c<em>the Defendants reserve their position as to whether any such payment would be prohibited by any applicable economic sanctions that may be in force at the time any such payment is required to be made<\/em>.\u201d<\/p>\n<p>After they were threatened with sanctions by the US government, in 2021 Lloyd\u2019s and Arch both withdrew from their agreement to cover damages to the second of the pipelines, Nord Stream 2. But though they remain on the hook for damages to the first line, the language used by the insurers\u2019 lawyers seems to be alluding to a possible future sanctions package that would release them from their financial obligations. \u201c<em>Nord Stream 1 was not affected by those sanctions, but apparently sanctions might work retroactively to the benefit of insurers<\/em>,\u201d observes Andersson.<\/p>\n<p>The plaintiffs may face an uphill battle at the British High Court in London, the city where Lloyd\u2019s has been headquartered since its creation in 1689. As former State Department cybersecurity official Mike Benz observed, \u201c<em>Lloyd\u2019s of London is the prize of the London banking establishment<\/em>,\u201d and \u201c<em>London is the driving force behind the transatlantic side of the Blob\u2019s Seize Eurasia designs on Russia<\/em>.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Incredible. Lloyd&#39;s of London is the prize of the London banking establishment. London is the driving force behind the transatlantic side of the Blob&#39;s &quot;Seize Eurasia&quot; designs on Russia. If anyone were in position to know the role of &quot;a government&quot; in Nordstream bombing&#8230; <a href=\"https:\/\/t.co\/Tui4TwffGM\">https:\/\/t.co\/Tui4TwffGM<\/a><\/p>\n<p>&mdash; Mike Benz (@MikeBenzCyber) <a href=\"https:\/\/twitter.com\/MikeBenzCyber\/status\/1780383048975945787?ref_src=twsrc%5Etfw\">April 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>But if their arguments are enough to convince a court in London, a decision in favor of the insurers would likely be a double-edged sword. Following Lloyd\u2019s submission to US sanctions and its refusal to insure ships carrying Iranian oil, Western insurance underwriters (like their colleagues in the banking sector) are increasingly in danger of losing their global reputation for relative independence from the state. Should the West ultimately lose its grip on the global insurance market \u2014 or its reputation as a safe haven for foreign assets \u2014 \u20ac400 million will be unlikely to buy it back.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>yogaesoteric<br \/>\nApril 24, 2024<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The legal team representing high-powered insurers Lloyd\u2019s and Arch says that since the Nord Stream explosions were \u201cmore likely than not to have been inflicted by a government,\u201d they have no responsibility to pay for damages to the pipelines. To succeed with that defense, the companies will presumably be compelled to prove, in court, who [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[973],"tags":[],"class_list":["post-156501","post","type-post","status-publish","format-standard","hentry","category-uncovering-freemasonsrys-manipulations-3480-en"],"_links":{"self":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/156501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/comments?post=156501"}],"version-history":[{"count":1,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/156501\/revisions"}],"predecessor-version":[{"id":156505,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/156501\/revisions\/156505"}],"wp:attachment":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/media?parent=156501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/categories?post=156501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/tags?post=156501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}