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December 07, 2004
9/11 ruled as two events for insurance purposes
A New York developer hoping to rebuild the destroyed World Trade Center Monday won a major victory against his insurers, when a jury decided the hijacked airline attacks of Sept. 11, 2001, were two separate events.
The verdict in U.S. District Court in Manhattan means the site’s leaseholder, Larry Silverstein, could get twice as much money from his policies with the nine of the twin towers’ insurers to finance new construction.
Posted by Tom Troceen