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

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

Mayor Bloomberg, on his June 16 radio show, said he believed an arrangement could be worked out with insurers–but if not, warned they could be the target of legal action. The other insurers addressed in letters from the mayor were St. Paul Travelers Companies, Employers Insurance of Wausau, Zurich American Insurance Company, Royal & Sun Alliance USA, and Allianz Insurance Company.

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