Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiEastway Tank’s longtime insurance broker says it provided business interruption coverage to the company based on the financial information Eastway supplied.
In that lawsuit, filed in January, Eastway Tank contends the Gifford Carr Insurance Group failed to ensure the company was sufficiently insured for the two-year business interruption that followed a devastating explosion inside the firm’s Merivale Road plant. “Eastway’s insurance coverage never lapsed,” Carr said, noting the company’s commercial insurance policy was renewed on Dec. 25, 2021 and was in place when the explosion tore apart the repair shop three weeks later.
The lawsuit alleges Eastway owner Neil Greene was in discussions with O’Donoghue about the company’s policy renewal when the explosion occurred. According to the lawsuit, the insurance renewal documents arrived by email one day later.Carr said that while Eastway’s insurance was renewed on Dec. 25, 2021, the paperwork was still being finalized in early January. Such an approach, he said, is “a typical process for these kinds of renewals.