# Jury Rules For Swiss Re In WTC Case 

_News_

Canonical: https://www.claimspages.com/news/i1465/

Swiss Re has received a favorable verdict more than two-and a half years after it filed a declaratory relief action against Silverstein Properties, the master leaseholder of the World Trade Center.

On Monday the federal jury ended its deliberations by accepting the giant reinsurer's position that the parties were bound by the language of the "WilProp Form," which defines the loss of the twin towers as one event, i.e. an "occurrence or series of occurrences."

Swiss Re, the largest carrier in the group that insured the WTC, is thus liable for only one recovery of $877 million, roughly 25 percent of the total coverage. The jury decided in favor of eight other insurers in a decision reached last week (See IJ Website April 30).

Sources:
- Insurance Journal (http://www.insurancejournal.com/news/national/2004/05/04/41856.htm)