The legal battle over the 11 September 2001 attack on the World Trade Centre (WTC) is continuing, as...
The legal battle over the 11 September 2001 attack on the World Trade Centre (WTC) is continuing, as the warring parties returned to the courtroom in July.
Lawyers representing Larry Silverstein, who bought the leasehold on the twin towers just seven weeks before they were destroyed in the attack, have been appearing in a federal appeals court following the refusal of a federal court to grant summary judgment on the case. The previous hearing did however allow Mr Silverstein's team the chance to take the issue before a jury.
The hearings have been complicated by the fact that when the attack happened the final insurance contracts were still being negotiated and had not been finalised, so that the legal terms and agreements remained incomplete.
At the heart of the matter is the question of whether the impact of the two planes into the towers constituted one attack or two.
The insurance companies, which include Swiss Re, insist that it was one co-ordinated attack, so that the maximum insurance bill would come to $3.5bn.
However, according to Mr Silverstein's team the use of two planes against two towers meant that there were two attacks, doubling the bill to $7bn.
It remains uncertain how long it will be before the case is finally settled. Click here for a pdf of this story
With great sadness we confirm that Sir David Rowland, our former Chairman from 1993 to 1997, has passed away. He played a critical role in safeguarding the future of the Lloyd’s market through perhaps its most difficult period.— Lloyd's (@LloydsofLondon) February 18, 2019
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