I happen to work for
I happen to work for a reinsurance company, so I'm not at all surprised at Swiss Reinsurance's attempt to weasel out of full payment to the owner of the World Trade Center. In fact, the company I work for used to be part of a larger company based in Switzerland, so I'm even less surprised. Only in the insurance industry can two planes flying into two buildings be considered one event. The number of sneaky clauses, Byzantine definitions, and downright fuzzy math involved in a reinsurance deal the size of the one that covered the WTC is truly astounding. This will go to trial, and Swiss Re will appeal it for as long as is humanly and legally possible. Then they'll figure out a way to appeal it again.
