The WTC was insured against destruction by terrorist attack. But most insurances do not cover an act of war. Did the Presidents declaration that the devastation was an Act of War nullify the billions of dollars that would normally be paid by the insurance companies to the owners?
I’ll close this thread because this topic has been discussed so recently. I direct any remaining unanswered questions to the earlier thread, Insurance Coverage On A Terrorist Act
I don’t think so. I believe that the ‘act of war’ clause must be from a declared war/police action. The insurance companies will pay. Luckily, the risk is fairly well spread out between companies.