alt Hacker NewsSo can Amazon file a claim with the Us government for compensation? Does their insurance cover this? Or do they just eat the loss?
Replies
lschueller • yesterday at 10:07 PM
I 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 • yesterday at 10:08 PM
No, I’d say they’ll get it back with free Iranian oil in a few weeks.
➕ show 1 reply
US 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.