World Trade Center leaseholder Larry Silverstein, who has argued that the Sept. 11, 2001 attacks on the property were two occurrences, has informed Judge John Martin that he will appeal a Sept. 25 ruling involving insurers’ Hartford Fire Insurance Co., Royal Indemnity Co. and St. Paul Fire & Marine Insurance Co., according to a Dow Jones report.
Martin ruled that day that the three insurers of the more than 20 involved would be able to deem the terrorist attacks as a single event, resulting in only a single payment to Silverstein. The difference between a single payment and two is several billion dollars.
In a related development, Silverstein has asked that a scheduled November trial be moved to next spring.
Topics Legislation
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