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

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RE: FT.com / Home US - Jury calls WTC attack two events
by Decius at 9:09 pm EST, Dec 6, 2004

dmv wrote:
] ] 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.

Ugh... that means your rates for insurance are going to go up. Again.

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


 
 
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