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Edmonton Oilers filed $ 174 million pandemic loss proceedings against insurance company

In a lawsuit, the team alleges that the COVID-19 virus physically altered the air, surface, and interior of the Rogers Place Arena at home, “making it unsuitable for its intended use.” However, the team said in a lawsuit that the insurance company determined that “the virus does not cause physical loss or damage,” even though the team has all-risk insurance.

“Plaintiff suffered a huge business loss subject to all risk policies. Defendant refused to respect the terms of all risk policies and refused compensation … Business interruption was direct. “Because it was not due to physical loss or damage to property,” the complaint said.

In total, Oilers suffered a business loss of $ 174,137,131 between 2020 and 2021, with the addition of its affiliates and operators Edmonton Arena Corporation, Oilers Entertainment Group Canada, Edmonton Major Junior Hockey Corporation, and OEG Gaming. CBC News reported.

In response to the COVID-19 pandemic, the NHL suspended the season on March 12, 2020, with all games suspended indefinitely. The compulsory government orders, which came into force at about the same time, meant that people couldn’t use the arena, the Oilers argued.

The Oilers also continued to complain that during the heyday of the pandemic, fans were allowed to return to the facility in 2020 and 2021. “It is certain that the COVID-19 and COVID-19 viruses have been reintroduced in large numbers. Their location and additional substantial physical loss and damage would have continued.”

“The presence of the COVID-19 and COVID-19 viruses in the plaintiff’s facility has made normal use of these facilities impossible for almost two years,” the proceedings said, with status as a high-density location. LRT stations can result in “many infected people” bringing the virus into the arena.

read more: Calgary Flames sues six insurers for $ 125 million over pandemic damages

The Oilers proceedings begin shortly after Calgary Flames filed its own pandemic business loss proceeding against an insurance company. Flames is asking insurance companies for $ 125 million. Two of them are Liberty Mutual Insurance and RSA Canada, which also insure the Oilers.

Edmonton Oilers filed $ 174 million pandemic loss proceedings against insurance company

Source link Edmonton Oilers filed $ 174 million pandemic loss proceedings against insurance company

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