Let Ground Zero Rebuilding Begin: Spitzer Brokers Settlement with 7 Insurers

May 23, 2007

  • May 24, 2007 at 10:10 am
    Bill Reed says:
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    If memory serves me correctly, not only were the buildings under-insured, but Silverstein was trying to convice everyone that the limits should apply separately to each building since there were two planes. He lost the multiple occurence argument. I believe the courts interpreted it as a single occurence with two incidents = one limit.

  • May 24, 2007 at 10:20 am
    Confused says:
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    Were there 2 occurences of your comments or one?

  • May 24, 2007 at 11:19 am
    Danny says:
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    No, they are not going to end. We are at war with people that hate us and any other nation/people that does not believe exactly as they do. Even within their own borders they kill each other. They have and will come after us to kill us unless we have the fortitude to stop them. Iraq and Afganistan are not about what we want they are about the reality that all it takes for evil to triump is for good people to do nothing.

  • May 24, 2007 at 1:13 am
    Jeff says:
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    Danny,

    Thanks for the talking points memo…I hadn\’t had a chance to pick up my copy this morning.

    I guess it\’s time to bring back the draft if we\’re going to fight the evil doers all over the world. Tell me, what part of Africa should we start with? There\’s quite a few \”evil doers\” there, we have islamic regimes, we have racial genocide, etc. So, seriously, which part should we start with? Why don\’t we invade North Korea? They had as much to do with 9/11 as Iraq did. Nothing (if you were wondering), and at least NK has nukes. What about South America. I think that Hugo guy is getting out of hand. We should probably send troops there too.

    Or maybe, just maybe, we should bolster our borders, increase funding to intelligence and police agencies, strenghthen foreign relations, and utilize special forces to specifically target terrorist groups instead of aleinating the entire planet. Just a thought.

  • May 24, 2007 at 1:38 am
    Glen Williams says:
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    Am I missing something? I thought we were discussing insurance and Spitzer?

  • May 24, 2007 at 2:01 am
    igo says:
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    There were two different trials: The first determined which insurers were bound under the \”Wilprop\” form that an upper court deemed to contain an occurance definition that could only be interrpreted as a single occurance.

    The 2nd trial included the insurers who had not bound to that form and whose binders either did not include an occurance def at all(Travelers et al)or who had a less specific occurance definition in their binder than Wilprop.
    Silverstein lost the first case but won the second

  • May 24, 2007 at 2:31 am
    tiger says:
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    Against Willis? I just don\’t get that-it\’s up to the broker or agent to make sure the coverage was right and would work under any circumstance…this looks like a cluster $%^& here with WilProp and other policy forms mixed together, inadequate coverage, no clear definition before an incident about what constitutes an \”occurence\”, etc. Why hasn\’t Willis gotten hauled in to court?

  • May 24, 2007 at 2:48 am
    Realist says:
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    This battle will be fought by my grandkids(my kids have already fought it and continue) and their kids too. Radical Muslims want to kill us all, even your momas, daughters, sons and your spouses.
    I believe it\’s ENVY.

  • May 24, 2007 at 3:25 am
    prakash v. naor says:
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    I\’m a big fan of moma, it\’s a good museum. And it\’s kind of near WTC, which is what this thread used to be about.

  • December 19, 2008 at 4:56 am
    Dan says:
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    The Al qaeda is a figment on media imagination.



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