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FT.com / Home US - Jury calls WTC attack two events

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FT.com / Home US - Jury calls WTC attack two events
Topic: Business 8:49 pm EST, Dec  6, 2004

] NEW YORK, Dec. 6 (Reuters) - A jury on Monday decided the
] hijacked airline attacks that destroyed the World Trade
] Center were two separate events, doubling to $2.2 billion
] the damages leaseholder Larry Silverstein can collect
] from insurers.

This is a big deal, a lot of the insurance world was holding its breath on this. Not only is it a significant settlement (+$1.1B is never small) but a significant precident in insurance coverage in the terrorist age.

FT.com / Home US - Jury calls WTC attack two events



 
 
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