Insurers To Pay Nearly $1B For World Trade Center Developer’s 9/11 Claims

The developer of the World Trade Center in New York has reached a $95.2 million settlement of all claims against American Airlines Group Inc, United Continental Holdings Inc and other aviation defendants stemming from the Sept. 11, 2001 attacks, which involved the carriers’ hijacked planes. Insurers will cover the payout to entities affiliated with Larry Silverstein and his Silverstein Properties, according to settlement papers filed on Tuesday with the U.S. District Court in Manhattan.