Henrik Fabian Torgrimsby

Introduction The Supreme Court recently confirmed several important starting points relevant to the periodisation of an insurance event for the assessment of cover (HR-2020-1262-A). The ruling addressed issues relating both to defining insurance periods and determining when insurance events occur. The Supreme Court also addressed the question of what is required to revise an insurance agreement pursuant to Section 36 of the Contract Act on unreasonable contract terms.

Norway September 15 2020 Business interruption losses, COVID-19 and restrictions Insurance cover for business interruption losses has been extensively debated in light of the COVID-19 pandemic. Although numerous businesses have sustained such losses due to the pandemic, insurance cover for business interruption is in most cases contingent on the existence of physical damage to the insured properties.