Battle lines have been drawn for a hard court tussle in the fight over whether the destruction of the World Trade Centre was one insured event or two.
Leaseholder Larry Silverstein and 20 insurers led by Swiss Re have each set out what they think the towers were worth under Silverstein's cover.
But there is a whopping $4.6bn (£2.98bn) gap between their figures. Silverstein increased his initial estimate from $6.5bn (£4.2bn) to more than $7bn (£4.5bn).
But Swiss Re said the claim's true value was $2.4bn (£1.6bn)and that there were no circumstances under which he could ever recover more than $3.5bn (£2.3bn).
Reports suggested that both sides might be prepared to compromise.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
