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Old May 24, 2007 | 10:29 AM
  #11  
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Bill
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Old May 24, 2007 | 05:09 PM
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Bill,

Thrilled for you that the end of this has come. Congratulations, and best wishes. Hope to see you and Barbara a bit over the summer!
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Old May 24, 2007 | 05:17 PM
  #13  
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Originally Posted by dlq04,May 24 2007, 12:03 PM
.....So Bill, what's the story on your part in the Times story. I didn't see your picture in the paper.
I also was looking for our favorite Legal Bill....must have been just off the side of the pic Congratulations on a successful outcome
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Old May 24, 2007 | 07:50 PM
  #14  
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This loss became very political. In the end, the dozens of lawyers involved were not mentioned.
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Old May 24, 2007 | 07:52 PM
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Originally Posted by DrCloud,May 24 2007, 09:08 AM
But does this mean that the incident is not being called an "Act of God" (which is usually not covered by insurance)? What would Allah say? HPH
Good question.
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Old May 25, 2007 | 06:11 AM
  #16  
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Originally Posted by DrCloud,May 24 2007, 10:08 AM
And we all certainly hope that you got an appropriate cut of the action!

But does this mean that the incident is not being called an "Act of God" (which is usually not covered by insurance)? What would Allah say? HPH
Actually, our President called it an "act of war," which certainly would not have been covered. I cringed when I heard him say it.
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Old May 25, 2007 | 07:24 AM
  #17  
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Originally Posted by RedY2KS2k,May 25 2007, 09:11 AM
Actually, our President called it an "act of war," which certainly would not have been covered. I cringed when I heard him say it.
Very true. And a story in itself.
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Old May 25, 2007 | 10:29 AM
  #18  
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I'm sure that remark had ramifications.

From the little I've read, insurance policies generally consider a 24-hour period to be one occurrence, thus they felt their liability was limited to $3.5 billion. That wasn't enough to rebuild, so Silverstein argued that there were two separate attacks.
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Old May 25, 2007 | 04:54 PM
  #19  
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Originally Posted by RedY2KS2k,May 25 2007, 01:29 PM
I'm sure that remark had ramifications.

From the little I've read, insurance policies generally consider a 24-hour period to be one occurrence, thus they felt their liability was limited to $3.5 billion. That wasn't enough to rebuild, so Silverstein argued that there were two separate attacks.
Generally correct. There is no rule on the time period, absent specific language in the policy.
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Old May 26, 2007 | 09:05 AM
  #20  
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If I understand correctly, the coverage had been negotiated and agreed on, but the policies hadn't been issued yet when the attacks occurred. If true, this has to have complicated matters even more.

At any rate, congratulations on a successful completion to an arduous process. Enjoy some well-deserved r&r.
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