A federal judge who ruled that the New York-New Jersey Port Authority cannot collect insurance for all the damage done to the World Trade Center by the 9/11 attack, will meet with lawyers in the case in April to determine the next steps in the case.

Monday, in a ruling that favored 10 insurers, U.S. District Court Judge Barbara S. Jones in Manhattan ruled that the PA can only collect insurance only for damage done to Building 6 at World Trade Center and the PATH train station, not for the entire complex.

Judge Jones ruled in favor of insurers, who contended that the PA's insurance policies excluded the rest of the World Trade Center complex because the agency had leased it on July 24, 2001, to developer Larry Silverstein, who bought his own insurance.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.