9/11 News

Tianjin Port Explosions to Cost Industry at Least $2 Billion: Insurer Filings

Insurer Talanx AG’s $122 million loss from port explosions at Tianjin, one of China’s worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S., Bermuda and Asia to almost $2 billion, according to filings by 26 …

Global Acts of Terrorism Cost $52.9 Billion in 2014 – Highest Price Since 9/11

In the wake of Friday’s massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York’s Twin Towers. In 2014, acts of terror cost the world $52.9 billion …

I.I.I.: 13 Years After 9/11, Threat of Terrorist Attack Remains Real

The Insurance Information Institute said this week that the threat of terrorist attack remains real and that the 13-year anniversary of the Sept. 11 terror attack is a reminder of the urgent need for federal lawmakers to reauthorize the terrorism …

Financial Services Firm Cantor Fitzgerald Announces $135M Sept. 11 Settlement

Financial services firm Cantor Fitzgerald, which lost nearly two-thirds of its employees in the Sept. 11, 2001 attacks against the U.S., revealed a $135 million settlement with American Airlines and insurance carriers Tuesday to a judge who said the deal …

Cantor Fitzgerald, American Airlines Settle 9/11 Lawsuit

Cantor Fitzgerald has agreed to settle a lawsuit against American Airlines Group Inc and its insurers over business and property losses stemming from the Sept. 11, 2001, attacks on the World Trade Center, in which the Wall Street company lost …

N.Y. Judge Orders Iran, al-Qaida to Pay $6B for 9/11

A federal judge in New York has ordered al-Qaida, the Taliban and Iran to pay $6 billion to relatives of Sept. 11 victims for aiding in the 2001 terror attacks. Manhattan Federal Magistrate Judge Frank Maas’ ruling Monday is largely …

N.Y. Regulator Seeks Insurer Data in 9/11 Case

New York’s top insurance regulator has directed insurers to detail payouts and reserves for claims in the 2001 World Trade Center attacks in an effort to prompt settlement of the decade-old federal case. Benjamin Lawsky, superintendent of the Department of …

Experts Say Science Lacking on 9/11 and Cancer

Call it compassionate, even political. But … scientific? Several experts say there’s no hard evidence to support the federal government’s declaration this month that 50 kinds of cancer could be caused by exposure to World Trade Center dust. The decision …

Ground Zero Building in New York Struggles to Find Tenants

Planners say an 80-story skyscraper under construction at ground zero may have to stop at seven stories unless the developer can line up more tenants. Silverstein Properties said this week that it is still looking for tenants to fill the …

Citing Scope of 9/11, N.Y. Judge Tosses WTC Suit

In tossing out a negligence lawsuit, a judge last Friday cited the “strange, improbable” events that destroyed a 47-story World Trade Center building a decade ago on Sept. 11, several hours after the 110-story twin towers fell. The claims by …