IF P&C INSURANCE LTD (PUBL) v SILVERSEA CRUISES LTD

[2004] Lloyd's Rep IR 696

COURT OF APPEAL

Before Lord Justice Ward, Lord Justice Mummery and Lord Justice Rix

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 - Whether 11 September constituted “acts of war” or “armed conflict”.