World Trade Center Insurance Payoff Increased by Jury
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A New York Jury ruled that the two planes that hit the World Trade Center on September 11, 2001 were two separate events instead of one which increased the insurers liability by at least $140 million.
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At least $38.1 billion in compensation has been distributed to victims of the Sept. 11, 2001, terror attacks, a Rand Corp. study shows.
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A jury said the developer who controls the lease at the World Trade Center site was entitled to collect up to $2.2 billion.
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Seven insurers have agreed to pay an additional $2 billion to developers of the World Trade Center, resolving all outstanding claims from the September 11, 2001, attacks and speeding redevelopment of the site, New York State officials announced on Wednesday.
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While World Trade Center leaseholder Larry Silverstein was celebrating his courtroom victory over his insurers, experts on Tuesday were already debating its impact on the industry
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A JURY in New York has ruled that the September 11, 2001, attack on the World Trade Centre was two events, paving the way for developer Larry Silverstein to claim an extra $US1.1 billion ($1.4 billion).
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A remarkable tale of survival and loss in the World Trade Center comes under scrutiny.
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(New York-WABC, December 6, 2004) _ - A federal jury decided Monday that the destruction of the World Trade Center was two events for insurance purposes, meaning leaseholder Larry Silverstein can collect twice from companies because separate planes hit
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Cantor Fitzgerald, the bond brokerage that suffered more deaths in the Sept. 11 attacks than any other company, on Friday sued al Qaeda, Saudi Arabia and dozens of foreign companies seeking damages related to the attacks on the World Trade Center.
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WASHINGTON - Victims of the September 11, 2001 terrorist attacks have received $38.1 billion US in compensation so far from insurance companies, the US government and charities, according to a study released Monday by the Rand Institute for Civil Justice.
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Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than half of the $38.
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According to a report by a hospital trade group, the cost of medical malpractice insurance in New York City, Westchester County and on Long Island has risen by nearly 150 percent since 1999.
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Victims of the Sept. 11 attacks received more than $38 billion in compensation - a figure 30 times the size of the largest previous disaster payout and one that is unlikely to be matched, according to a Rand Corp.
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A federal jury Monday ruled in favor of World Trade Center (WTC) leaseholder Larry Silverstein inthe second phase of his insurance trial, deciding that the two hijacked planes
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Insurers are having their costliest year since 2001, when the September 11th terrorist attacks in the US led to $26.5 billion in catastrophe claims.
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NEW YORK The families or loved ones of civilians killed in the Sept. 11 attacks received, on average, $3.1 million in government and charitable awards.
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NU Online News Service, Dec. 7, 10:00 am ESTâA Manhattan federal jury, after eleven days of deliberations, has ruled in favor of World Trade Center leaseholder Larry Silverstein, deciding that