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

National News • May 23, 2007
New York Governor Eliot Spitzer and Insurance Superintendent Eric R. Dinallo announced that they have negotiated a $2 billion settlement between Silverstein Properties and seven insurance ...

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Subject: RE: Ultimate Payout ?

Posted On: May 23, 2007, 5:03 pm CDT
Posted By: Smitty
Comment:
who knows, poorly written article, I thought the TIV was 3.55 billion with 1 occurrence, double that with 2 but one company of many was smart & wrote the policy binder to limit it to 1 occurrence, this happened in 2001 if they paid 4.6 billion total does that include interest? WHo knows?

I guess the writer wasn't really concerned with the facts or numbers, what's a few billion anyway?

The settlement is bogus, they blew hundreds of millions on litigation before they came to a settlement?

That stinks, this case should have been decided by one court within 1 month of the occurrence(s) without spending hundreds of millions on litigation, this was sloppy and lame, Spitzer deserves no credit for anything except blurring the issue with indecision.
Subject Posted By Posted On
E&O? YakimaLars
Dec 19, 2008, 9:52 am
RE: RE: RE: What was the attorneys' cut? Dan
Dec 19, 2008, 3:56 am
RE: Glen, eat more carbs, maybe that will help prakash v. naor
May 24, 2007, 2:25 pm
Glen, eat more carbs, maybe that will help Realist
May 24, 2007, 1:48 pm
RE: RE: WTC Settlement - Silverstein-And no E&O A tiger
May 24, 2007, 1:31 pm
RE: WTC Settlement - Silverstein igo
May 24, 2007, 1:01 pm
RE: RE: RE: What was the attorneys' cut? Glen Williams
May 24, 2007, 12:38 pm
RE: RE: What was the attorneys' cut? Jeff
May 24, 2007, 12:13 pm
RE: What was the attorneys' cut? Danny
May 24, 2007, 10:19 am
RE: WTC Settlement - Silverstein Confused
May 24, 2007, 9:20 am
WTC Settlement - Silverstein Bill Reed
May 24, 2007, 9:10 am
RE: RE: RE: Ultimate Payout ? Icee
May 24, 2007, 8:47 am
E&O-Broker tiger
May 24, 2007, 4:29 am
Broker temblor
May 23, 2007, 6:00 pm
RE: Relief Mr. E&O
May 23, 2007, 5:51 pm
What was the attorneys' cut? Tex
May 23, 2007, 5:12 pm
RE: RE: Ultimate Payout ? slim jim
May 23, 2007, 5:10 pm
RE: Ultimate Payout ? Smitty
May 23, 2007, 5:03 pm
Ultimate Payout ? Curious George
May 23, 2007, 4:52 pm
RE: Relief Waitin' for 2008
May 23, 2007, 4:50 pm
Relief Greenberg
May 23, 2007, 4:23 pm
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