Contract Interpretation & The Reasonable Expectations of the Insured

The act of infamy at the World Trade Center ("WTC") in New York City on September 11, 2001 was responsible for a great deal of insurance litigation concerning, among other things, the meaning of the term "occurrence" in first party property policies and the methodology required of insurers when policies are interpreted. Because the WTC insurance issues are surrounded by the horrendous facts of the attack the decisions rendered in interpreting the policies have far-reaching impact.

 

 

The rulings in the WTC cases, combined with a recent decision of the California Supreme Court, are working a change in how insurance policies are interpreted. Since policy interpretation is essential to the presentation of any insurance claim the following detailed discussion is important to all insurance professionals.

 

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