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So can Amazon file a claim with the Us government for compensation? Does their insurance cover this? Or do they just eat the loss?
by laweijfmvo 7mo ago
So can Amazon file a claim with the Us government for compensation? Does their insurance cover this? Or do they just eat the loss?
- lschueller 7mo agoI am anything but a legal expert, but my guess would be that this falls under the aspects of force majeure. Which doesn't mean, that in a couple of years they try to take this to court.
- lokinorkle 7mo agoNo, I’d say they’ll get it back with free Iranian oil in a few weeks.
- DANmode 7mo agoWould you bet on it?
- lokinorkle 7mo agoOf course, good always triumphs over evil. Always.
- cypherpunks01 7mo agoUS gov is not going to reimburse a private company for war damage caused by a sovereign country. Property insurance generally has war exclusions, insurance co will deny claims. Unless there is some affordable magic 100% war damage coverage policy sold in the middle east, which is doubtful, no insurer would be able to successfully underwrite anything like that. The company eats the losses and the recovery efforts it wants to persue.
- christina97 7mo agoNo the US government legitimately sells this kind of insurance (and reinsurance): https://www.dfc.gov/what-we-offer/our-products/political-risk-insurance https://www.dfc.gov/what-we-offer/our-products/political-ris...
- genxy 7mo agoI wonder how much is/was paid out for The Excursion.