Ruling in one of the largest and most emotional insurance fights in history, a federal appeals court on Wednesday rebuffed World Trade Center leaseholder Larry Silverstein's attempt to win at least $2 billion more from insurers on the theory that the airplane attacks on Sept. 11, 2001, were two separate occurrences. The ruling by the 2nd U.S. Circuit Court of Appeals is likely the final resolution of a massive insurance dispute in which Silverstein has been awarded about $4.5 billion.
October 19, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
World Trade Center leaseholder Larry Silverstein’s attempt to win at least $2 billion more from insurers on the theory that the two airplane attacks on Sept. 11, 2001, were two separate occurrences was rebuffed Wednesday.
The 2nd U.S. Circuit Court of Appeals upheld a Southern District of New York jury verdict that the bulk of insurance policies covering the Trade Center treated the terror attacks as a single occurrence.
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