Insurers Suing Al Qaida, Saudis, Others For $300 B

Five insurance groups filed federal lawsuits today, seeking to recover more than $300 billion for losses from the 9/11 attacks, in an action that listed among the defendants Al Qaida, Saudi Arabia and four other nations which the United States identifies as states sponsoring terrorism.

The action was brought in U.S. District Court in Manhattan with a companion lawsuit in U.S. District Court in Washington, D.C. by Chubb, American Re, Zurich American, One Beacon and Crum & Forster.

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