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Jury Renders Partial Verdict in WTC Recovery Case

National News • April 30, 2004
The federal jury that has been deliberating the complex issue of how much Silverstein Properties, the master leaseholder of the World Trade Center, should recover from its insurers has reached a ...

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Subject: WTC Underinsurance

Posted On: April 30, 2004, 1:37 pm CDT
Posted By: John Fortman
Comment:
It seems to me that the elephant in the room is that Silverstein willingly underinsured the property, presumably because he thought nothing could cause a total loss to all the buildings. Lenders finally forced a higher limit than Silverstein wanted, but it was still too low.

Now that the unimaginable has happened, he hopes to collect the limits twice, even though the property was destroyed only once.
Subject Posted By Posted On
RE: WTC Linda
May 6, 2004, 6:42 am
RE: RE: WTC J. Auxier
May 3, 2004, 10:02 am
WTC ... Carrier Senior Management RAC
May 3, 2004, 7:19 am
WTC Underinsurance Narinder Kabul
May 1, 2004, 2:55 pm
RE: RE: WTC Ken
Apr 30, 2004, 3:31 pm
WTC Jere F. Allan
Apr 30, 2004, 3:23 pm
RE: WTC Smitty
Apr 30, 2004, 3:11 pm
RE: WTC Trial Verdict mike mattison
Apr 30, 2004, 1:40 pm
WTC Underinsurance John Fortman
Apr 30, 2004, 1:37 pm
WTC Trial Verdict Akos Swierkiewicz
Apr 30, 2004, 12:36 pm
RE: WTC RD Hood
Apr 30, 2004, 12:22 pm
WTC mark h denman
Apr 30, 2004, 11:36 am
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