Insurance victory over Twin Towers
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The developer hoping to rebuild the World Trade Centre in lower Manhattan last night won a significant victory when a jury decided that the September 11 attack on the site was two separate incidents for insurance purposes.
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On the day before the third  anniversary of the Sept. 11 attacks on the United States,  insurers for some World Trade Center buildings sued American  Airlines, United Airlines and others, alleging their negligence  allowed the deadly hijackings.
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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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US property and casualty insurers have paid out $21.3 billion for eight catastrophes damage, including hurricanes Charley, Frances, Ivan and Jeanne, according to the data of the Jersey-based Insurance Services Office Inc.
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The man who leased the World Trade Center just months before it was destroyed has sued al Qaeda members, Saudi financial institutions and charities &quot;that allegedly supported the conspiracy&quot; to launch the attacks, Larry Silverstein&#39;s
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The US agency that owns the World Trade Centre site and lost 84 employees in the September 11 attacks is suing Saudi Arabia. The Port Authority of New York and New Jersey said in a statement on Friday it was
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The ruling could cost insurers billions of dollars more than the $41 billion they have already paid to storm victims.
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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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Allianz AG, Europe&#39;s largest insurer, said a New York court ruling that defined the World Trade Center terrorist attacks as two separate events may cost it as much as 80 million euros ($107.6 million).
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NEW YORK, Sept. 18 -- The chairman of the agency that owned the World Trade Center defended his decision not to ask employees to move into the proposed Freedom Tower at Ground Zero because of the attacks on the twin towers.
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German insurance giant Allianz estimates that it faces an additional $US140 million-dollar charge following a US court ruling that the September 11 attacks on the World Trade Centre constituted two events instead of one.
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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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Real estate developer Larry Silverstein, who envisions replacing all the commercial office space destroyed in the September 11, 2001, terrorist attack on the World Trade Center, won a court victory Monday that may help him do so.
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NEW YORK (CBS.MW) -- Insurance stocks rose Tuesday on confidence that the deadly Indian Ocean tsunami and earthquake that wreaked havoc on nations in southern Asia over the weekend will not require significant payouts.
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A New York developer hoping to rebuild  the destroyed World Trade Center on Monday won a major victory  against his insurers, when a jury decided the hijacked airline  attacks of Sept. 11, 2001, were two separate events.
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Five months after the granite cornerstone was laid for the Freedom Tower, the financial cornerstone for a second new World Trade Center tower was fashioned on Monday by the federal jury
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Victims of the Sept. 11, 2001 terrorist attacks, both individuals killed or seriously injured and individuals and businesses impacted by the strikes, have received at least