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To: finnman69

No money? Didn't Silverstein get double the amount of the insurance money due to a double indemnity clause in the policy? I know it went to court, however I can't recall the outcome.


3 posted on 03/16/2006 6:22:24 AM PST by alice_in_bubbaland (New Jersey gets the corrupt government it deserves!)
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To: alice_in_bubbaland
There was no "double indemnity" clause. Silverstein was suing because the insurance wanted to pay him the max policy amount, which would have been less than half of his total losses. Silverstein claimed that each tower attack was a separate event, thus he was entitled to the max amount per event, or twice what the insurance company gave him, which was still less than his loss. He lost that case and only got one single payment. IMO, it was two events.
12 posted on 03/16/2006 6:50:11 AM PST by sportutegrl (People who say, "All I know is . . ." really mean, "All I want you to focus on is . . .")
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To: alice_in_bubbaland
No money? Didn't Silverstein get double the amount of the insurance money due to a double indemnity clause in the policy? I know it went to court, however I can't recall the outcome.

It didn't say no money. It sounds like there's questions of if there's enough money to rebuild it all when most of the politicians in New York State keep causing delays by trying to act like they're helping.

There's nothing like the level of bureaucracy of New York to drive up costs and make things unprofitable.

15 posted on 03/16/2006 6:54:53 AM PST by untrained skeptic
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