Jury Decides Attacks on World Trade Center Were 2 Events

[kskiska]

NEW YORK -- The jury in the multibillion dollar insurance case between World Trade Center leaseholder Larry Silverstein and nine of the insurers who provided coverage on the Twin Towers decided Monday that the attacks constituted two occurrences for all nine insurers.

The verdict is a major victory for Mr. Silverstein, who has contended that the attacks were two events entitling him to two payments under his insurance policy. Monday's decision entitles Mr. Silverstein to collect up to an additional $1.1 billion above the $3.55 billion in coverage.

Judge Michael Mukasey thanked the jury for reaching a verdict on a complicated case.

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