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Insurers: WTC Attack Not Act of War
NEW YORK (Reuters) - Some leading U.S. and European insurers say that the destruction of the World Trade Center was not an act of war, and therefore covered under most insurance policies.

If other insurers take the same view, that means insurance companies around the world will have to pay out the $30 billion or so in claims expected by industry experts from the attack.

``The acts-of-war exclusion does not apply to Tuesday's events,' insurer Chubb Corp. (NYSE:CB - news) said earlier this week. The Warren, New Jersey-based business insurer expects to pay out as much as $200 million for the attack.

Under most property and liability policies, acts of war are excluded, to protect insurers from overwhelming claims in the event of a war. Some analysts had suggested that insurers might invoke the exclusions to avoid payment.



With your hysterical proclamations about our President you paint yourself further and further into a corner.

Naj
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