Two World Trade Center insurers have decided the new agreement for rebuilding will not impede their payments to developer Larry Silverstein, New York City Mayor Michael Bloomberg said last week.

Zurich American Insurance Company and Employers Insurance of Wausau have said the new conceptual framework rebuilding agreement between Mr. Silverstein, the Trade Center leaseholder, and city and state authorities will not alter their legal obligations under their insurance policies, according to Mr. Bloomberg.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.