Advertisement

WTC insurers to pay $2 billion

In Brief / COURTS

May 24, 2007|From Times Staff and Wire Reports

Seven insurers have agreed to pay an additional $2 billion to resolve all outstanding insurance claims from the Sept. 11, 2001, destruction of the World Trade Center, speeding redevelopment at ground zero, New York state officials said.

The settlement ends more than five years of litigation between the insurers and Larry Silverstein, the site's developer.


Advertisement

Officials consider the settlement the last major obstacle to redevelop ground zero.

Los Angeles Times Articles
|