No more compensation due World Trade Center developer -judge

  Thursday, September 19th, 2013 Source: Reuters

New York property developer Larry Silverstein is not entitled to funds that insurers of his World Trade Center properties won from airlines over the attacks of Sept. 11, 2001, a federal judge ruled on Wednesday. Silverstein’s World Trade Center Properties sued QBE International Insurance Ltd and other insurers in 2010, after they won a $1.2 billion settlement with airlines and airport security companies. Silverstein had already settled his own claims against the insurers for more than $4 billion. He subsequently argued that the insurers, under the terms of their policies, were required to turn over whatever they recovered from the airlines.

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