# Allianz Joins WTC Lawsuit 

_News_

Canonical: https://www.claimspages.com/news/i707/

Germany‘s Allianz AG has elected to become part of the World Trade Center dispute by joining Swiss Re and Chubb Corp. in seeking to have the destruction of the twin towers declared "one occurrence," rather than two. 

As detailed in previous articles, Larry Silverstein, whose company holds the master lease on the property, has asserted that two loss events occurred, while the insurers, headed by Swiss Re, the primary carrier, have sought a declaration from the federal court in Manhattan that only one "loss event" occurred on Sept. 11. $3.5 billion is staked on the outcome. 

It now appears likely that all the insurers directly involved in coverage of the World Trade center will eventually be brought into Swiss Re‘s declaratory relief action. Silverstein filed a lawsuit against Travelers, and has sought to join 18 other companies in the action.

Sources:
- Insurance Journal (http://www.insurancejournal.com/html/ijweb/breakingnews/regional/East/ea0102/ea0104021.htm)