Deutsche Bank Sues Allianz AG And AXA Over Sept. 11 Claim
Last week, Deutsche Bank AG, one of the largest banks in the world, filed a lawsuit against Allianz AG and AXA over a coverage dispute involving its heavily damaged office tower near the World Trade Center site.
In its complaint filed at the New York State Supreme Court in Manhattan, Deutsche Bank argued that its tower, which stood at 130 Liberty Streeta few hundred feet from the WTC complexhas not been used since the Sept. 11 terror attacks and is beyond repair at this point. The company argued that these two insurers, which provide half of the aggregate coverage, should pay for their part of the cost in demolishing and replacing the building.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
