| Topic: |
Politics > Politics-USA |
| User: |
"Speeders & Drunk Drivers are MURDERERS" |
| Date: |
24 May 2007 10:35:02 AM |
| Object: |
WTC Settlement Finalized - Silverstein & Port Authority get $4.55Billion |
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3ts2rAZjiAI&refer=home
Silverstein, Insurers Reach $2 Billion WTC Settlement (Update5)
By David M. Levitt
May 23 (Bloomberg) -- Developer Larry Silverstein and seven insurance
companies agreed to a $2 billion settlement to end an almost six-year
dispute over the value of the insurance policies covering the World
Trade Center.
New York Governor Eliot Spitzer and Insurance Superintendent Eric
Dinallo announced the settlement at a news conference in lower
Manhattan. The agreement will bring to about $4.55 billion the total
insurance proceeds Silverstein and the Port Authority of New York and
New Jersey will receive.
Silverstein, the leaseholder on the World Trade Center, had battled with
insurance companies in federal court since a month after the Sept. 11,
2001, terrorist attacks over how much the policies were worth. The
settlement gives the developer and the Port Authority, the site's owner,
the cash to help rebuild the 16- acre property. The insurers have
already paid about $2.55 billion.
(snip)
Though the settlement is close to the maximum potential payout, ``for us
the benefit lies in the fact that we have certainty now,'' said Andreas
Shell, Allianz claims crisis coordinator, in an interview. ``We are able
to conclude something that has been going on for over five and a half
years, which puts a strain on an organization.''
`No Precedent Set'
Shell said he wasn't worried that the case had set a precedent for
policyholders to receive more insurance than they paid for. The trade
center attacks were ``a very unique experience,'' he said. ``There is no
precedent set.''
(snip)
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| User: "" |
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| Title: Re: WTC Settlement Finalized - Silverstein & Port Authority get $4.55 Billion |
24 May 2007 11:19:59 AM |
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On May 24, 8:35 am, Speeders & Drunk Drivers are MURDERERS
<xeton2...@yahoo.com> wrote:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3ts2rAZjiAI&refe...
Silverstein, Insurers Reach $2 Billion WTC Settlement (Update5)
By David M. Levitt
May 23 (Bloomberg) -- Developer Larry Silverstein and seven insurance
companies agreed to a $2 billion settlement to end an almost six-year
dispute over the value of the insurance policies covering the World
Trade Center.
New York Governor Eliot Spitzer and Insurance Superintendent Eric
Dinallo announced the settlement at a news conference in lower
Manhattan. The agreement will bring to about $4.55 billion the total
insurance proceeds Silverstein and the Port Authority of New York and
New Jersey will receive.
Silverstein, the leaseholder on the World Trade Center, had battled with
insurance companies in federal court since a month after the Sept. 11,
2001, terrorist attacks over how much the policies were worth. The
settlement gives the developer and the Port Authority, the site's owner,
the cash to help rebuild the 16- acre property. The insurers have
already paid about $2.55 billion.
(snip)
Though the settlement is close to the maximum potential payout, ``for us
the benefit lies in the fact that we have certainty now,'' said Andreas
Shell, Allianz claims crisis coordinator, in an interview. ``We are able
to conclude something that has been going on for over five and a half
years, which puts a strain on an organization.''
`No Precedent Set'
Shell said he wasn't worried that the case had set a precedent for
policyholders to receive more insurance than they paid for. The trade
center attacks were ``a very unique experience,'' he said. ``There is no
precedent set.''
(snip)
Such a crime..
And so many still unpunished.
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| User: "Billary/2008" |
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| Title: Re: WTC Settlement Finalized - Silverstein & Port Authority get $4.55 Billion |
24 May 2007 12:28:41 PM |
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<lorad474@cs.com> wrote in message
news:1180023599.290122.130780@q69g2000hsb.googlegroups.com...
Such a crime..
And so many still unpunished.
Another idiot who still does not believe that President Clinton allowed 19
hijackers to attack America.
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| User: "Bokonon" |
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| Title: Re: WTC Settlement Finalized - Silverstein & Port Authority get $4.55 Billion |
24 May 2007 02:15:37 PM |
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"Billary/2008" <F#%K_Liberals@vastrightwingconspiracy.gov> wrote in message
news:dXj5i.7972$YW1.7438@trnddc04...
Another idiot who still does not believe that President Clinton allowed 19
hijackers to attack America.
Another idiot who thinks that Bush assumed office the morning of 9/11.
--
"History! Read it and weep!"
-Bokonon
_______________________________________________
When your only tool is a hammer, everything looks like a nail.
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| User: "" |
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| Title: Re: WTC Settlement Finalized - Silverstein & Port Authority get $4.55 Billion |
24 May 2007 03:28:22 PM |
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On May 24, 10:28 am, "Billary/2008" <F#
%K_Liber...@vastrightwingconspiracy.gov> wrote:
<lorad...@cs.com> wrote in message
news:1180023599.290122.130780@q69g2000hsb.googlegroups.com...
Such a crime..
And so many still unpunished.
Another idiot who still does not believe that President Clinton allowed 19
hijackers to attack America.
Just who do you think was 'elected' November 2000, fool?
Just who do you think was responsible for national security, September
2001, transgendered fool?
I say cut back on your stale, purple, re-cycled. kool-aid, kook.
If you can no longer even discern one year from the next, or one
office holder from the next, chances are you are a jibbering idiot. At
least.
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| User: "Vandar" |
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| Title: Re: WTC Settlement Finalized - Silverstein & Port Authority get$4.55 Billion |
25 May 2007 10:14:18 AM |
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What Me Worry? wrote:
Will go down in history as the fraud of the century. Just a matter of time
before the WTC criminals are exposed.
It's always "just a matter of time" for conspiracy theorists.
JFK? Just a matter of time.
Moon landings? Just a matter of time.
Roswell? Just a matter of time.
9/11? Just a matter of time.
See you in another 60 years, when it will still be "just a matter of time".
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