Silverstein's Setback

McDonald, Michael
May 2004
Bond Buyer;5/10/2004, Vol. 348 Issue 31880, p35
Trade Publication
Reports that World Trade Center Larry Silverstein suffered defeats in court battles with insurers. Reduction in the maximum insurance payout he might receive to cover the September 11, 2001 terrorist attacks; Importance of the findings of the jury; Reduction of the capital available to Silverstein in his determination to rebuild commercial space at the World Trade Center site.


Related Articles

  • No 'Winners' On WTC. Friedman, Sam // National Underwriter / P&C;5/24/2004, Vol. 108 Issue 20, p5 

    Reports that a United States jury denied World Trade Center leaseholder Larry Silverstein's double-payment claim for the September 11, 2001 terrorist attack. Insurance carriers were told their policy form only provided for a single-occurrence limit; Verdict saved the insurance industry some two...

  • Big drops in income posted. Greenland, Judy // Business Insurance;12/3/2001, Vol. 35 Issue 49, p2 

    Focuses on the decline of the income of commercial property and casualty insurers in the United States. Impact of the September 11 terrorist attacks on the income of the insurers; Resurgence in the alternative markets; Increase in net premiums.

  • Silverstein Emboldened As Jury Decides WTC Attacks Are Two Events. Ha, Michael // Insurance Advocate;12/13/2004, Vol. 115 Issue 41, p3 

    The article reports that a Manhattan federal jury, after 11 days of deliberations, has ruled in favor of World Trade Center leaseholder Larry Silverstein, deciding that the hijacked planes that destroyed the Twin Towers count as two separate attacks for insurance purposes. Nine insurers in the...

  • Insurers to Seek Disaster Tax Breaks. Heller, Michele // American Banker;9/20/2001, Vol. 166 Issue 181, p10 

    Focuses on the move of the Insurance industry on seeking tax breaks in the U.S. Importance of tax break to offset claims from terrorist attack victims; Move of Congress on seeking confirmation from insurance companies to honor commitments to the victims; Prohibition by lawmakers on insurance...

  • Amex Downgrading Tops Fitch Ratings Review. Schmelkin, Alissa // American Banker;9/21/2001, Vol. 166 Issue 182, p12 

    No abstract available.

  • Sept. 11 increases cost, complexity of travel accident coverage. Ennevor, Harry // Business Insurance;3/25/2002, Vol. 36 Issue 12, p10 

    Reports the implications of September 11 terrorist attacks for the business operations of insurance companies in the U.S. Increase on the price of travel accident coverage; Limitations of reinsurance capacity; Acts of war for all countries.

  • Insurance Firms Still Feel Fallout of 9/11. Jackson, Mandy // San Diego Business Journal;9/9/2002, Vol. 23 Issue 36, p1 

    Reports the impact of the September 11 terrorist attacks on the insurance firms in San Diego, California. Increase of the insurance premiums; Volatility of the stock market; Cancellation of insurance coverage.

  • Shaken, but undeterred. Collins, Clayton // Christian Science Monitor;9/17/2001, Vol. 93 Issue 205, p16 

    Discusses the reaction of insurers in the United States to a terrorist attack on the World Trade Center in New York City and the Pentagon building in Virginia.

  • The 9-11 Shadow On Producers. Higgins, Barry // National Underwriter / Life & Health Financial Services;12/23/2002, Vol. 106 Issue 51, p7 

    Assesses the impact of the September 11 terrorist attack on the insurance industry in the U.S. Provisions of the Economic Growth and Tax Relief Reconciliation Act; Use of estate taxes to fund life insurance; Need for companies to increase their compensation.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics