Friday, May 25, 2007

Silverstein To Be Paid $2 Billion WTC Settlement

The Spitzer administration
announced the settlement
of all insurance claims at
ground zero yesterday,
ensuring that $4.55 billion
will be available for
rebuilding the World
Trade Center site.

The agreement, which
the insurers described
as the largest single
insurance settlement
ever undertaken by the
industry, ended a
protracted legal battle
with insurers over
payouts related to the
terrorist attack.

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