New York Republican Mayor Michael Bloomberg has written six insurers urging them not to use the new arrangement for rebuilding at the World Trade Center site as an excuse to hold up payments to the site's developer.

Of the carriers involved, only GE Insurance Solutions (now owned by Swiss Re) indicated today that they would not hold up payments to developer Larry Silverstein.

Mayor Bloomberg, on his radio show last Friday, said he believed an arrangement could be worked out with insurers–but if not, warned that they could be the target of legal action.

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