World Trade Center developer Larry Silverstein and the Port Authority of New York and New Jersey filed suit today demanding insurers pay what is owed for terrorists' destruction of the Twin Towers.
The lawsuit, filed in New York State Supreme Court in Manhattan, names Allianz, Industrial Risk Insurers, Travelers Indemnity Company, Royal Indemnity Company, Gulf Insurance Company, Zurich American Insurance Company Co. and Employers Insurance Company of Wausau as defendants.
"The states of New York and New Jersey and the city of New York and the Port Authority have made it clear they will not allow foot-dragging insurance companies to impede the ongoing revitalization of downtown Manhattan," Mr. Silverstein said in a statement. "We expect a quick resolution that will force these insurers to finally pay what they owe."
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