The second phase of the World Trade Center trial came to an end when the jury returned a verdict in favour of the leaseholder Silverstein Properties, which argued that the events of 09/11 constituted two separate attacks.
The nine insurers involved in the second phase of the trial will have to pay out double their combined coverage limits to Silverstein.
The nine insurers represented $1.13bn of the WTC's $3.55bn insurance programme. The 15 other insurers representing $2.42bn in coverage were previously found to be liable for only one attack.
The nine insurers involved in the second phase of the trial are: Allianz AG Holdings; the Industrial Risk Insurers unit of GE Insurance Solutions; Zurich American Insurance; the Travelers Indemnity unit of St Paul Travelers; the Royal Speciality Underwriting unit of Royal & SunAlliance; Gulf Insurance, a Travelers affiliate; TIG Insurance; the Twin City Insurance unit of Hartford Financial Services; and Tokio Marine & Fire Insurance.
