Nord Stream is suing insurers including Lloyd’s of London for about €400mn for refusing to cover explosions that destroyed gas infrastructure connecting western Europe to Russia, according to documents filed with the High Court.
The Switzerland-based company brought a lawsuit last month claiming that insurers “failed to pay” for damage done by underwater explosions that mangled and deformed the Nord Stream 1 and 2 pipelines at the bottom of the Baltic Sea.
Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies.
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