World Trade Center leaseholder wins jury verdict in insurance battle

[JURIST] The leaseholder of the World Trade Center, destroyed in the September 11, 2001 terrorist attacks, won a major legal victory Monday when a Manhattan jury agreed that the attack on the Twin Towers constituted two events for insurance purposes, not just one. If let stand, the verdict would allow Larry Silverstein to get twice as much money from his policies with the nine insurance companies involved, which could then be used to finance new construction on the WTC site. One of the defendants, Allianz AG, has already said that it may appeal. Reuters has more.



 

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