In this IIL aviation lecture Mr Des Barry will outline the legal issues involved in the 9/11 litigation and explain how they were resolved favourably for the aviation insurance market. The keys to the successful resolution of this litigation have universal applicability to all insurance related litigation.
The September 11, 2001 terrorist attack on the United States was a watershed event and an act of war that caused enormous loss of life and the destruction of the World Trade Center building complex in lower Manhattan. Congress enacted legislation ten days later to limit the liability of the potential civil defendants to the amount of their liability insurance coverage. Wrongful death, personal injury, subrogated property damage and business interruption claims exceeded $30 billion but the insurance carried by the principal aviation defendants (two airlines and their security companies) was much less. Through continuous risk analysis and changing strategy, all litigated claims were resolved for less than the available coverage.
Speaker Bio:
Des Barry is a Senior Partner of the aviation specialist law firm, Condon & Forsyth LLP, with offices in New York, Los Angeles and Miami. He has been lead counsel for defendants in several major loss litigations and is one of the most respected aviation defence lawyers in the United States. He was lead counsel for American Airlines and the court appointed Liaison Counsel for all defendants in the recently concluded 16 year litigation arising from the September 11, 2001 terrorist attacks on the United States. Mr. Barry is a Fellow of the American College of Trial Lawyers and a former decorated combat officer in the United States Marine Corps.
Chair:
Nick Brown, CEO, Global Aerospace.