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Silverstein Pleads Ignorance

Left WTC coverage details to risk manager, brokerWorld Trade Center leaseholder Larry Silverstein testified last week that he was basically clueless about the technical details of insurance coverage purchased for his WTC complex, delegating that job to his risk manager and brokers.

The long-awaited testimony by Mr. Silverstein in the Twin Towers insurance trial turned out to be very brief with Mr. Silverstein being ushered on and off the stand in less than 30 minutes. He had to leave the courtroom after his testimony and will not be permitted to return unless he is recalled for further questions is punishment for violating a judicial gag order (see story, page 6).

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