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Date Posted: 20:18:37 12/07/04 Tue
Author: Lawshark
Subject: I believe it was...
In reply to: BFIH 's message, "What exactly went on there?" on 15:06:15 12/07/04 Tue

the one insurer. They claimed that the attack on the two trade center towers constituted ONE attack/incident.

Under the WTC insurance policy, the limit of coverage was maxed at $1.1 billion PER insurable event.

If the attack was ONE event...the insurer owes only $1.1 billion.

If it was TWO separate occurences...then the damages were capped at $1.1 billion for each attack...$2.2 billion.

Bud's client just secured the extra billion.

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