Swiss Re Presses 'OneAttack' Theory
A legal action filed by Swiss Re last week is an attempt to speed insurance claims payments related to the Sept. 11 terrorist destruction of the World Trade Center and to hasten rebuilding in New York, according to a company executive.
Jacques DuBois, a member of the Swiss Re Group's executive board, also said that Swiss Re “firmly believes” that under the wording of the insurance binder it signed, “the attack by al Qaeda on the World Trade Center resulted in one insurable loss.”
The propertys landlord is seeking $7 billion to cover two losses from two attacks its says occurred when terrorists piloted a pair of jets into the towers.
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