Swiss Re WTC Lawsuit Analyzed
A recent lawsuit over insurance coverage of the World Trade Center losses will turn, as usual, on the facts and on interpretation of contract language, legal experts say. But the insurance industry and litigators alike await the outcome of this unique case.
On Oct. 22, SR International Business Insurance Co., Ltd. filed a declaratory judgment action in the U.S. District Court for the Southern District of New York to limit its payment obligations stemming from the Sept. 11 destruction of the WTC by terrorists.
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