NEW YORK–New York's governor and insurance superintendent announced today that the World Trade Center developer and seven insurers had reached a $2 billion settlement of all claims arising from terrorist destruction of the twin towers.
The agreement between Silverstein Properties and the carriers was described by Gov. Eliot Spitzer and Superintendent Eric R. Dinallo as the largest settlement in regulatory history.
Their announcement at New York Insurance Department offices in Manhattan was a crowded affairs crowded with local, state and federal officials and insurance executives.
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