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.
"The expeditious rebuilding of the World Trade Center site is too important to Lower Manhattan, New York City and the country to let hair-splitting legal arguments get in the way," he said in a statement.
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