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Insurance Companies Pay Silverstein Properties $2 billion For 9/11 Claims

Seven Insurance Companies Pay Silverstein Properties $2 billion As Settlement For 9/11 Insurance Claims

InsuranceNewsNet, Inc.
May 24, 2007
"The nearly six year long legal wrangling between Silverstein Properties and seven insurance companies finally ended with the biggest settlement agreement in regulatory history: $2 billion.

The agreement, which covers all outstanding insurance claims arising from the September 11 terrorist attack on the World Trade Center, was reached through the collaborative efforts headed by New York Governor Eliot Spitzer and Insurance Superintendent Eric Dinallo.

The insurance providers involved in the agreement include Allianz Global Risks US Insurance Co., Zurich American Insurance Co., Industrial Risk Insurers, Travelers Companies, Inc., Swiss Reinsurance Co., Employers Insurance Company of Wausau and Royal Indemnity Co.

Silverstein Properties, Inc. leased the World Trade Center from the Port Authority in July 2001. Because insurance policies for the property had not been finalized when they were destroyed lawsuits were filed to resolve disagreement over how much the insurance companies should pay.

The courts ruled Silverstein Properties was entitled to collect $4.68 billion but insurance companies paid only half of the amount while the rest remained under dispute.

The dispute, which came nearly five years after the terrorist attacks, threatened the redevelopment at Ground Zero. This prompted City Mayor Michael Bloomberg to issue a statement calling on the six insurers to pay the $1.5 billion they owe for the reconstruction.

Bloomberg sent a letter to the providers involved in the dispute calling the tactic an obstacle to progress and urged them to avoid deploying legalistic delays and hairsplitting.
Silverstein Properties added that reconstruction at Ground Zero was a universal goal shared by everyone except the involved insurance companies that refuse to own up to their moral and legal obligations."


Why bush demolished the WTCs with explosives: the "2 birds with 1 stone" story (english) Tuesday 04 Mar 2003

author: architect

Why bush/Israel demolished the WTCs with explosives: two birds with one stone. BIRD ONE: WTCs were 5 TIMES AS EXPENSIVE to take down, insurance money though from terror would be a windfall. BIRD TWO: military invasion requirements of American multinational corporations in the Middle East, and to aid in Greater Zion, "Pearl Harbor" like terror recommended for US soil to get Americans in line. ONE STONE: fake terror to demonize all of Islam and terrorize America under a wacky minority of right wing plutocrats set on an unpopular crusade and global police state.



WHY BUSH demolished the WTCs with explosives: the two birds with one stone argument ~~

First the background: the WTCs were actually estimated to COST ABOUT 5 TIMES AS MUCH TO REMOVE AS THEY WERE TO BUILD, and this would be happening SOON, CREATING A HUGE CAPITAL LOSS FOR THE OWNERS: within 20 years according to structural architects who analyzed the issue for the previous owners. However, to keep this from being widely known, making WTCs THE LARGEST LEMON PROJECT THE WORLD HAS KNOWN and to keep their resale value, these architects were fired before they completed their very expensive archictural report for the owners, once this was understood by the owners. ok. TWO BIRDS WITH ONE STONE: a story of fascist global opportunism writ large BIRD ONE: TO KILL THE WTCs: destroying the WTCs with illegal explosives by covert operations was the only way to collect huge windfall losses on "terrorism" clauses in the latest insurance. For the first (and last) time, as the building changed hands months before 9-11, it gained special "terrorism insurance" clauses in place for the first time.

BIRD TWO: TO KILL U.S CORPORATE MIDDLE EAST OIL DIFFICULTIES / ZIONISM EXPANSION DIFFICULTIES: Since his 1996 book The Grand Chessboard, Brzezinski has been wishing for (even calling for) a "Pearl Harbor like" terrorism event on US soil that would do various magical tricks: galvanize Americans to support a corporate oil war in the Middle East to plunder Iraq after the failed 1991 invasion; to take over the Caspian Sea areas; to shore up support for the failing state of apartheid based Zionist Israel, last official apartheid state in the world. Plus, Unocal Corporation wanted its stalled pipeline deal through Afghanistan very much, a deal the Afghani Taliban government had refused.

ONE STONE: fake terror: fake a terrorism incident of four simultaneous planes to crash into the WTCs, other places (that failed), and the Pentagon (unless it was a missle, which is very likely given the physically hilarious 270 degree turns at 500 miles per hour that (the official story) "a 757" was somehow doing immediately before hitting the Pentagon), be sure to operate the planes by automatic pilot overrides from US military AWACs that were seen in both areas, throughly train the "terrorists" yourself (because you want specific fall guys to pin it on independent Arabs), give them access to U.S. military bases in Florida for flight training and provide them government translators when there were complaints they were unable to speak English or even fly Cesnas straight, be sure to stand down the U.S. air force thanks to Myers (instead of punish him, promote him one week after 9-11 for good work done in letting nothing happen), let the Bin Laden family escape as they are the Saudi Rothchilds and Bush Senior's business partners for 20 years, simultaneously detonate explosives in WTC1, WTC2 (getting rid of those expensive buildings cleanly--if they were only partially damaged that may be even more expensive!), detonate WTC7 as well to destroy secret CIA bunker in that building along with illegal Guiliani additions to the building (destroying supoenaed documents in the WTC7 tidily, just like destroying Gulf War military health records in the Oklahoma City Murrah Building), then let the same private company that cleaned up the Murrah Building in Oklahoma illegally clean up the whole WTC area before any public investigation gets underway, be sure to have Guiliani immediately hand clean up work of the steel evidence (that would show explosion fractures) to a foreign corporation run by a member of the Knights of Malta (Guiliani later knighted into the British Empire as a "thanks"), and be sure to keep investigators intentionally away from the three molten pools of hot steel in the basements of WTC1, WTC2, and WTC7 (and the huge explosion holes in their basements, seen from the air, particularly WTC7) which would reveal that a combination mass murder, building arson insurance scam (that destroyed 10% of New York to get the money), and global Reichstag fire had occured.

Combine this with a freak show-like religiously inspired rightist coup and destruction of the US Bill of Rights, lightly salt all this with US military grade anthrax aimed only at two key Democratic leadership members (strange how the US military or pro-Zionists targed only Democrats--one the head of the party, Daschle, the other the head of the foreign policy commitee--so he'll be willing to go along, or scared to back out, undestanding the dual meaning of being targeted) to keep them in line with a Bush coup that is veering entirely away from the Republican Party even--reminiscent of the unpunished financial Nazi links from which the Bush family was formed), lightly pepper anthrax to the media corporations to get them aware that they are next in line if they fail to report favorably to the coup minded Bush Administration, and top it all off: blame it on helpless Arab victims, despite large Israeli spy rings in the United States that were uncovered and despite dancing and high-fiving Israelis filming themselves (carrying boxcutters, several thousand dollars cash hidden in a sock, and foreign passports-- obviously its important to carry thousands of dollars ready cash and foreign passports while you are only a strong back, working in a downtown New York moving company). Soon however you will be bombing Afghanistan with troops already moved into the area before 9-11, ready to strike (the only way they could have been ready in one month was to pre-plan everything and then be conveniently "shocked, shocked, there is terrorism going on here!", as you are handed your gambling winnings from the NYC Stock Exchange on the only two airlines targeted, the purchase of the stock options made through a bank with an ex-CIA director for its CEO, where the German branch CEO later resigned without explanation two days after 9-11 from his lucrative job. . . Then, Afghanistan! You pull ol Karzai out of the National Security Council, since you know he was an ex Unocal oil company consultant, and before you know it, you mass murder ("by accident" it was said) an entire convoy exclusively made of the Afghani Loya Jirga opposition to the American Karzai appointee. Meanwhile, simmer thoroughly with fake terror alerts whenever people question Bush's motives for being the dorky foolhardy lame brain that he is, and spice to taste with the media blitz firehose that turns on the bin Laden propaganda wherever it is required, like for instance, Afghanistan's neighbor Iraq (without any evidence), and then later admitting to planning with Israel's desires to get rid of Iran and Syria in the immediate vicinity. What about North Korea? Well, that's just the only unforeseen thing in the LARGEST AND LONGEST SMOOTHLY RUNNING HOAX THE WORLD HAS EVER SEEN. TWO BIRDS, ONE STONE.

WTC: Before the First Cover-up (english comment# 240991 I was involved with the architectural comittee that worked for a period of over 10 years to evaluate the 'soundness' of the buildings at the WTC. To date, you will not see one word of this in print. The results of our findings are shocking, to say the least! About 2 months after the first bombing attempt, our group was legally 'disbanded' yet we were just weeks from finishing the client's- "Final Report." Some of you are aware that various 'tabs' had been welded to the suspect trusses during various renovation efforts, particularly in the South Tower, where they were applied on several dozen floors. Both buildings eventually received this treatment in sectional groupings of 5 or 6 floors. To my knowledge, there is nothing 'suspect' about any of this work since it was well documented by dozens of firms at the time. 'Strength' was an important issue, up until about 1991, when these efforts were said to have been effectively resolved. Seismic analysis conferred. We were fully convinced, and we had to work there. I mention it because this 'moot issue' will have no real future relevance in any 'viable' procedings... What we learned is that the buildings would only have a total life-span of 50 to 60 years. This established its effective 'half-life,' defining a very important 'date' in insurance terms. Across the street,'the competetion' was attracting our Premier tenants at an astounding rate, some were moving to NJ, which we could observe from our office suite. One group worked on a future 'de-construction'-plan, while ours worked on its 'preservation.' The problem we uncovered, was that every conceivable 'legitimate' approach to destroy these properties, would have cost its owners about 5 times more than they could have possibly recovered in leases! We had no knowledge of any 'association' between the owners and the 'terrorists' who had attempted to bomb it at the time, but this event did signal the end of our research. It is clearly inconceivable that anyone could justify [9/11] as a simple case of 'advantageous timing,' particularly the US State Dept., but I am sure that those who were in financial control were well aware of our figures. I am eager to provide additional info about this to those parties involved in the legitimate investigation of this event. (No George W., I'm not speaking to you!) -Peace


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