Insurers To Lose WTC Case: IIAA

NU Online News Service, July 22, 9:50 a.m. EST—An independent agent's association research paper is predicting the courts will eventually rule that the 9-11 attack on the World Trade Center is two incidents, which would be a blow to insurers. The Independent Insurance Agents & Brokers of America's Big "I" Virtual University Director Bill Wilson has posted online a research study that contends the courts will rule in favor of trade center leaseholder Larry Silverstein that the incident is two occurrences. The research paper, entitled "One vs. Multiple Occurrences," "cites several rulings where courts have held that events separated by space and time are separate ‘occurrences' even if caused by the same general exposure to a peril," said the Alexandria, Va.-based organization.