World Trade Center insurance case heads for trial

World Trade Center leaseholder Larry Silverstein’s bid to collect almost $7bn (£4.24bn) in insurance money for the destruction of the twin towers now rests firmly in the hands of a jury following his defeat in a federal appeals court, New York Law Journal reports.

Insurance company lawyers were exultant on Friday (26 September) over a decision by the 2nd Circuit, and said the ruling clears the way for almost 20 insurance companies to present evidence that employees for Silverstein’s insurance broker believed the attacks were one occurrence.

Harvey Kurzweil of Dewey Ballantine, who represents Travelers Indemnity Company, said the decision “literally vindicated every position we took”.

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