Developer Larry Silverstein has set a Monday deadline for 16 insurers to say how they will respond to new building arrangements reached last month among private and public players in rebuilding the World Trade Center site.
In a letter to insurers, Mr. Silverstein wrote that “it is imperative that the insurers participating in the net losses insurance coverage affirm their willingness to stand with us as that rebuilding begins.”
Last month, the Port Authority of New York and New Jersey agreed to assume responsibility for rebuilding the Freedom Tower and Five World Trade Center, while Mr. Silverstein would oversee the rest of development.
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