NY Comptroller: Pay WTC Claims or Else

Claims News Service, July 24, 2:19 p.m. EDT -- Trying to stave off any further delays in obtaining insurance claim payments for the reconstruction of the World Trade Center site, New York Comptroller

By Eric Gilkey | Updated on July 24, 2006

Claims News Service, July 24, 2:19 p.m. EDT — Trying to stave off any further delays in obtaining insurance claim payments for the reconstruction of the World Trade Center site, New York Comptroller William C. Thompson, Jr. sent letters to five major insurance and reinsurance companies last week asking that all claim payments be made without delay.

According to the Comptroller’s web site, Zurich Financial Services, Allianz Global Risks U.S. Insurance, Swiss Re Insurance America, Royal & SunAlliance, and St. Paul Travelers all received letters that made accusations of delayed payments and encouraged each company to meet its obligation to its policyholders.

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