One or two?
Here's a question for all you lawyers and philosophers out there:
How many attacks were there on the World Trade Center on 9/11? How many events occurred? One or two?
$3.5 billion in insurance money is riding on the answer:
More than two years after terrorists brought down the World Trade Center, a federal jury will begin deciding a $3.5 billion question: Is the leaseholder entitled to collect insurance for one attack or for two?
Opening statements start Monday in the three-stage trial, which pits developer Larry Silverstein against 13 insurers.
The outcome will determine whether Silverstein gets $3.5 billion or $7 billion to rebuild at Ground Zero.
Silverstein contends that the destruction of the World Trade Center constituted two attacks, because the twin towers were hit by hijacked airliners a little over 15 minutes apart. ...
Initial rulings have gone against Silverstein. ...
Most of the insurers used either a form prepared by Willis Group Holdings Ltd., which a judge has ruled describes the trade center's destruction as one event, or a form prepared by Travelers Property Casualty Corp., which Silverstein says defines it as two events. ...
If the jury decides any of the insurers are bound by a form that would allow the destruction to be defined as two events, a second proceeding will determine whether the attack really was two events. A separate jury would hear that stage.
Well, what do you think? I'd appreciate your comments.
12:30:38 AM 
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