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LLR: Insurance & Reinsurance

IF P & C INSURANCE LTD v SILVERSEA CRUISES LTD [2003] EWHC 473 (Comm)

[2004] Lloyd's Rep IR 217

QUEEN’S BENCH DIVISION COMMERCIAL COURT

Before Mr Justice Tomlinson

Insurance (business interruption) - Cruise vessels insured against loss of income - Terrorist attacks on 11 September 2001 causing passengers to cancel cruises - Some voyages cancelled - Claim under policy - Whether loss of income caused by insured peril - Whether claim for anticipated loss of income subject to aggregation provision restricting assured to a single limit for losses - Whether claim for anticipated loss of income caused by terrorist activity or by US State Department warnings - Concurrent causes.

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