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Maritime insurance doesn’t usually cover some freak weather (acts of God). It is too risky for the insurer to have large amounts of their book exposed to the sa
by dan-robertson 6y ago
Maritime insurance doesn’t usually cover some freak weather (acts of God). It is too risky for the insurer to have large amounts of their book exposed to the same event. I’m not sure if this sandstorm counts as an act of God, but $1B to Egypt for a canal blockage probably pales in comparison to the claims that might be made against late-delivery insurance. It is probably those claims which insurers are most worried about, and those claims which they want to dismiss as due to acts of God (but the cause of “ship blocking canal” feels to me even less like an act of God than “big sandstorm”)
- darkwater 6y agoIs this "act of God" terminology really used in, I guess, US insurances?
- ramchip 6y agoIt's standard terminology, yes. A quick google would lead you to: https://en.wikipedia.org/wiki/Act_of_God https://en.wikipedia.org/wiki/Act_of_God
- LudwigNagasena 6y agoIt is used in the Anglo-American legal system.
- varispeed 6y agoIf this is an "act of God", should they seek damages from Church instead?
- tzs 6y agoPeople have sued God [1]. [1] https://en.wikipedia.org/wiki/Lawsuits_against_God https://en.wikipedia.org/wiki/Lawsuits_against_God
- ben509 6y agoThe Church would then refer them to Genesis 3:6, which led to the decision in Genesis 3:16-19, as that breach of covenant by mankind is the original cause of our continuing hardship. They'd then go ahead and cite all the additional breaches of covenant.