Insurance Coverage of the World Trade Center: Interpretation of "War Risk" Exclusion Causes Under New York Contract Law
Description:
This report addresses the interpretation of war risk exclusion clauses under New
York contract and insurance law. The purpose of excluding “war risks” from insurance
policies is to prevent the insurer from being bankrupted by shouldering countrywide
losses from war. The widespread characterization of the events of September 11th
as an
“act of war” raises the possibility that insurable risks to life and property in the World
Trade Center may not receive coverage due to the enforcement of these c…
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Date:
September 18, 2001
Creator:
Jennings, Christopher Alan
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department