Swiss Re Presses 'OneAttack' Theory
Alegal action filed by Swiss Re last week is an attempt to speedinsurance claims payments related to the Sept. 11 terroristdestruction of the World Trade Center and to hasten rebuilding inNew York, according to a company executive.
Jacques DuBois, a member of the Swiss Re Group's executiveboard, also said that Swiss Re “firmly believes” that under thewording of the insurance binder it signed, “the attack by al Qaedaon the World Trade Center resulted in one insurable loss.”
The propertys landlord is seeking $7 billion to cover two lossesfrom two attacks its says occurred when terrorists piloted a pairof jets into the towers.
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