World Insurance Report
WTC case referred to jury
North America
US District Judge John Martin has ruled that the legal dispute between World Trade Centre leaseholder Larry Silverstein and
21 insurers and reinsurers, including
Swiss Re, should be decided by a jury rather than a judge. Judge Martin has also set trial date for 4 November, two months later than
scheduled. The deferral was in response to a request by insurers to collect more evidence. The jury will have to decide whether
the 11 September attacks constitute one event as claimed by the insurers or two events as claimed by Mr Silverstein. The difference
in interpretation would respectively mean a payout of $3.55bn or $7.1bn to Mr Silverstein. Throughout the initial hearings,
judge Martin has advised both parties to settle out of court.