Towers' Insurers Must Pay Double
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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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NEW YORK, July 17 -- Ailing rescue workers from the World Trade Center site filed a lawsuit Tuesday  charging that a $1 billion insurance fund set up after Sept. 11, 2001, violated a congressional mandate to pay their injury claims and instead spent millions of dollars fighting those claims.
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The cost of employer-paid health insurance jumped an average of 11.2 percent in 2004, the fourth straight year of double-digit increases, with both businesses and employees
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Some Iowans may cut back on their coverage, and the state faces having to pay more for Medicaid, officials say. Sharply higher Medicare premiums announced last week by the Bush administration will have a double
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A group of insurance companies has reached a two-billion-dollar settlement with the developers of the World Trade Center over payouts related to the September 11 attacks, officials said Wednesday.
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MUNICH - German insurance concern Allianz said on Tuesday it would fight a US jury decision in New York which doubled the amount of insurance which the leaseholder of the destroyed World Trade Center towers could collect from nine insurance firms.
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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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Americas Amber Alert News Center(NEW YORK USA)- A federal jury ruled Monday that the attack on the World Trade Center was two occurrences for insurance purposes, meaning leaseholder Larry Silverstein stands to collect up to $2.2 billion from nine
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The cost to insurers of damage claims from Hurricane Dean will rise into the billions, a leading reinsurer has said.
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Rules doubling the passenger duty people must pay when taking flights from the UK have come into force.
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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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Retirees for a third straight year are paying double-digit increases for healthcare coverage through their former employers, which are shifting a greater share of the cost to new retirees, according to a study released yesterday.
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Insurer Tower is going ahead with a plan to spin off its Australian money management business, raising A$130 million ($143 million) for acquisitions in the transtasman life and general insurance markets.
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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 jury decided Monday that the attacks on the World Trade Center were two separate events for insurance purposes, meaning leaseholder Larry Silverstein can collect up to $4.6 billion for rebuilding efforts.
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JP Morgan Chase is to be paid hundreds of millions of dollars for relocating near the World Trade Center, reports say.
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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.