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Jury Renders Partial Verdict in WTC Recovery Case

National News • April 30, 2004
The federal jury that has been deliberating the complex issue of how much Silverstein Properties, the master leaseholder of the World Trade Center, should recover from its insurers has reached a ...

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Subject: RE: WTC

Posted On: April 30, 2004, 3:11 pm CDT
Posted By: Smitty
Comment:
As far as which form applied I think the jury was correct.

Sloppy insurance-unimaginable to have terms of such a huge risk not clearly defined before it was bound.

Were the intentional crashing of airplanes into the buildings specifically defined as terrorism?
I would have defined the attack as an act of war and denied the claim.

I would also argue the attack was one ongoing occurence, the first building was still burning when the second plane piloted by the same affiliated parties hit the second building at the same location. If the buildings were destroyed by separate meteors from the same meteor shower be considered one occurence or 2. If they were destroyed by windstorm on the same day at the same time but by different wind energies would that be one occurence or 2?

I believe the intenet of the "per occurence" clause was to provide for additional coverage after a loss was repaired or partially repaired. If the towers were totally destroyed on the first occurence how could they be totally destroyed again without being rebuilt?
Subject Posted By Posted On
RE: WTC Linda
May 6, 2004, 6:42 am
RE: RE: WTC J. Auxier
May 3, 2004, 10:02 am
WTC ... Carrier Senior Management RAC
May 3, 2004, 7:19 am
WTC Underinsurance Narinder Kabul
May 1, 2004, 2:55 pm
RE: RE: WTC Ken
Apr 30, 2004, 3:31 pm
WTC Jere F. Allan
Apr 30, 2004, 3:23 pm
RE: WTC Smitty
Apr 30, 2004, 3:11 pm
RE: WTC Trial Verdict mike mattison
Apr 30, 2004, 1:40 pm
WTC Underinsurance John Fortman
Apr 30, 2004, 1:37 pm
WTC Trial Verdict Akos Swierkiewicz
Apr 30, 2004, 12:36 pm
RE: WTC RD Hood
Apr 30, 2004, 12:22 pm
WTC mark h denman
Apr 30, 2004, 11:36 am
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