A group of insurers are suing the Port Authority of New York and New Jersey, the owner of the World Trade Center site in lower Manhattan, over the agency's new claim it is separately insured for a $2.1 billion "shortfall" in the WTC leaseholder's property insurance.

The plaintiffs are a group of 10 syndicates at the Lloyd's insurance market as well as eight other insurers: Axa Global Risks Ltd., Copenhagen Reinsurance, Great Lakes Reinsurance (UK) Ltd.; Houston Casualty, QBE International Insurance, Sirius International Insurance Corp., Wurttembergische Versicherung AG and Zurich Specialties London Ltd. The insurers' complaint was filed Thursday at the Manhattan federal court in New York.

The Port Authority had worked with WTC leaseholder Larry Silverstein in his legal fight against insurers for more than three years regarding coverage under Mr. Silverstein's $3.546 billion per-occurrence property insurance for the Twin Towers.

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