Which company insured the world trade center

That form classified damages as a single occurrence if they were attributable to "one cause or a series of similar causes. Silverstein contended that document had been supplanted by a second form which did not include a definition of "occurrence," opening the door for collecting separately for each tower. But attorney for Swiss Re, Barry Ostrager, called that a "fanciful claim.

The jury ruled that nine of Silverstein's insurers were bound by the first document, relieving them from double damages, but that three others were not.

A second trial will be held to decide if the insurance policies of those three companies, along with six other insurers not involved in the trial, allow Silverstein to collect the maximum payout once or twice. Ken Erickson, a lawyer for Lloyds Syndicate, one of the nine firms who won in court Thursday, said he was "gratified with the verdict.

We tried to present a straightforward story to them, which we think was the necessary basis on which they resolved this case," he said. Howard Rubeinstein, a spokesman for Silverstein, declined to comment on the case until the jury finishes its deliberations on Swiss Re.

September 11 attacks. Manage alerts What is this? Please use a modern web browser for a better experience. Chrome Firefox Edge. End of insertion. More More. Swiss CO2 emissions: Small country, big footprint The much-lauded Swiss quality of life has a dark side — namely levels of consumerism and convenience that jack up the national carbon footprint.

Articles in this story Swiss CO2 emissions: Small country, big footprint. Links Swiss Re Silverstein properties. Newest first Oldest first. Read more More More. David Rockefeller, the president of Chase Bank and a scion of the Rockefeller family , established the Downtown Lower Manhattan Association that year to guide his vision for a project that would remake lower Manhattan.

Thirteen city blocks of low-rise buildings were demolished to make way for the new World Trade Center starting in , and construction began on the north tower in According to one estimate , the towers made appearances in more than 1, movies, including King Kong , Home Alone 2 and the first Superman film in Some of the tenants that anchored the former twin towers no longer exist or have been rendered irrelevant over the past two decades—from Lehman Brothers, which famously collapsed in the financial crisis, to Xerox, which saw its eponymous machines fall out of favor with the rise of the Internet.

Taking their place in the new towers are a broader range of multinational firms and homegrown startups, running the gamut from wedding planning service Zola and mattress firm Casper to spirits giant Diageo and streaming service DAZN. The amount of federal funds and local, city and state efforts put into lower Manhattan really did have the impact of accelerating those trends.

The largest question mark hanging over lower Manhattan is the Covid pandemic. Nevertheless, the cash will prove significant.

There have been suggestions that there may not be enough funds to fully develop the buildings that are planned to surround the Freedom Tower. Ground was broken on the Freedom Tower on July 4 this year. At 1,ft, it will be the tallest structure in the world.