Commercial Court upholds war exclusion in Nord Stream pipeline sabotage insurance claim
In a decision with far-reaching implications for the energy insurance market, the Commercial Court has dismissed Nord Stream AG’s claim under property damage insurance policies for the September 2022 sabotage of the Nord Stream gas pipelines. Dame Clare Moulder DBE held that the damage was excluded by a war exclusion clause, regardless of which state actor carried out the attacks – a novel approach that avoided the need to determine the identity of the perpetrator while still engaging the exclusion.
