WTC Jury Finds Attacks Are Two Events
NU Online News Service, Dec. 7, 10:00 a.m. EST?A Manhattan federal jury, after eleven days of deliberations, has ruled in favor of World Trade Center leaseholder Larry Silverstein, deciding that the hijacked planes that destroyed the Twin Towers count as two separate attacks for insurance purposes.[@@]
Nine insurers in the trial were contending the Sept. 11, 2001 attack was one compensable event. They were: Allianz, Industrial Risk Insurers, Travelers, Royal Specialty, Gulf, Zurich American, TIG, Twin City, Tokio Fire and Marine. Altogether, they represented $1.132 billion of the $3.55 billion of overall Twin Towers property coverage.
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