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Trial examines WTC form selection.(News)(continuing testimony over the level of insurance available following on the World Trade Center)
Business Insurance, February, 2004
Byline: GLORIA GONZALEZ NEW YORK-A Willis Group Holdings Ltd. broker testified last week that he had ordered the use of a policy form that would classify the Sept. 11, 2001, destruction of the World Trade Center's twin towers as two occurrences almost two months before the terrorist attack.
Timothy Boyd, an assistant vp for Willis of New York Inc., said he informed colleagues on July 12, 2001, that a Travelers Property Casualty Corp. form would be used to lead the WTC insurance coverage, even though his colleagues expressed serious concerns about the form and an internal review of its provisions had not been completed at the time. Mr. Boyd gave his testimony during the long-awaited trial in New York to determine whether the insurance program is governed by...
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