Insurers Sue Terror Supporters for 9/11
Thursday, September 11th, 2003 CatastropheDozens of insurance companies, acting as members of five large insurance groups—Chubb, American Re, Zurich American, One Beacon and Crum & Forster—have filed a lawsuit in two cities against Al Qaida and other terrorist organizations to recover billions of dollars they have paid, or reserved for payment, for Sept. 11, 2001, losses. The companies retained Cozen O‘Connor to recover losses the insurers either already paid or reserved for payment of approximately $3.5 billion in property damages and $500 million in workers‘ compensation benefits, as well as damages in 412 wrongful death and personal injury claims assigned to their companies. The case, Federal Insurance Company et al v. Al Qaida et al, was filed in the U.S. District Court for the Southern District of New York, and a companion action was filed in the U.S. District Court for the District of Columbia.
