Thats usually a prety good sign of fraud – The owner has the structure burned down or destroyed before the company can even get the policy in the mail! Check this out…
You wrote: \”The owner has the structure burned down or destroyed\”
Are you saying Silverstein had them destroyed??????????????????????
As I recall, the binders were issued in July.
Answer: Not much but he slept at a Holiday Inn Express last nite.
If Silverstein\’s insurance companies thought he was engaged in insurance fraud, they wouldn\’t have paid him a penny. The fraud charge is irresponsible.
I doubt this artical is accurate,as it makes no mention of % $ paid/due.My guess is Trade center was not meeting its debts.
Thus reposessed,over niggered.
Here is why: He had 3.5 billion in building coverage, and was trying to collect a total of 7 billion for 2 incidents. This would only apply if there was a “reinstatement clause” saying that once coverage was paid, there is the same coverage for future losses. He did not have this clause in his policy. the 4.6 Billion was not extra, but the total payout with added policy coverage such as extended coverage like building bylaws and other things. so he only gained about 1 billion, but NOT due to being paid double.
Thats usually a prety good sign of fraud – The owner has the structure burned down or destroyed before the company can even get the policy in the mail! Check this out…
http://video.google.com/videoplay?docid=7866929448192753501&q=loose+change
You wrote: \”The owner has the structure burned down or destroyed\”
Are you saying Silverstein had them destroyed??????????????????????
As I recall, the binders were issued in July.
Answer: Not much but he slept at a Holiday Inn Express last nite.
Yea, just watch the video link I gave in the message – Its all very clear, post again after watching the video, thanks.
If Silverstein\’s insurance companies thought he was engaged in insurance fraud, they wouldn\’t have paid him a penny. The fraud charge is irresponsible.
I doubt this artical is accurate,as it makes no mention of % $ paid/due.My guess is Trade center was not meeting its debts.
Thus reposessed,over niggered.
What are the major difference between uncertainty and risk
Here is why: He had 3.5 billion in building coverage, and was trying to collect a total of 7 billion for 2 incidents. This would only apply if there was a “reinstatement clause” saying that once coverage was paid, there is the same coverage for future losses. He did not have this clause in his policy. the 4.6 Billion was not extra, but the total payout with added policy coverage such as extended coverage like building bylaws and other things. so he only gained about 1 billion, but NOT due to being paid double.