When the World Trade Center towers collapsed, coverage for its property insurance had been bound, but the policy had not been issued. Consequently, a massive lawsuit arose concerning the terms and conditions applicable to the claim of the building lessee, Silverstein Properties. Ultimately, the insurers established that the parties had agreed to terms that, as interpreted by the court, meant the terrorist attack was a single occurrence, and thus one policy limit, and not two, applied. In the aftermath of September 11th, insurers, regulators, and brokers have implemented practices and requirements aimed at preventing situations in which, when disaster strikes, the insurance policy has not yet been issued.
ABA-TIPS Membership
The Tort Trial & Insurance Practice Section (TIPS) of the American Bar Association is the home for emerging issues and technologies in tort, trial and insurance law. A membership in TIPS offers you tools that will improve your trial skills, increase your knowledge of the insurance industry, and keep you relevant on state and national issues.
In order to be at the top of your profession, you must have the resources and knowledge to do so. As a TIPS member, you will receive access to innovative continuing legal education programs, award-winning publications, electronic newsletters specific to your area of practice, and cutting-edge legal developments and new practice methods.
Join TIPS Today!
Learn More About the Benefits of Membership in TIPS
Note: To be eligible for membership in TIPS, you must be an ABA member. Once a member of TIPS, you may enroll in three committees for free.
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