Tonight on FOX23 - 8pm Simpsons/Arrested Development - 9pm Obnoxious Boss
Home
|News
|Weather
|Sports
|Money/Business
|Entertainment
|Health
|Guides
News
Local News
National News
World News
Election Source 2004
Everyday Gourmet
Special Assignment
News In Depth
Weird News
CRMW
Health Alert
Consumer Alert
Extraordinary People
Buddy Check 23
Ask the Professional
Perfect Home
Perfect Wedding
Program Schedule
News Bios
Contests
Capital Regions Most Wanted
Everyday Gourmet
Extraordinary People
Box Office
Production
Community
In Focus
The New You
Ski Report
Jobs
Guest Book
Contact Us
Clear Channel
FOX
EEO Public File
Online Advertising
WXXA Digital
Video on Demand
Feedback Zone
Kids Zone



Jury Awards $2.2 Billion in 9/11 Insurance

United Press International

NEW YORK -- A jury Monday said New York developer Larry Silverstein, who held the commercial lease of the World Trade Center, is entitled to $2.2 billion in insurance.

The jury's decision came after 11 days of deliberation and was double the insurance coverage provided by nine insurers at the office complex. Silverstein leased the center six weeks before it was destroyed by terrorists Sept. 11, 2001.

The New York Times reported Silverstein, who plans to use the money to rebuild the office buildings, said in a statement he was thrilled with the verdict, and that it would ensure a timely and complete rebuild of the World Trade Center.

A $1.5 billion, 1,776-foot-tall Freedom Tower is planned for the trade center site, but it's expected to cost more than $9 billion to rebuild the trade center.

Silverstein argued the two jet planes that slammed into the twin towers entitled him to a double payment of the $3.55 billion policy, or $7 billion.

The jury's decision, involving nine insurance companies, provides $1.1 billion of the $3.55 billion worth of coverage. If the verdict stands, the companies would be required to pay $2.2 billion.

© YellowBrix, Inc. Copyright 1997-2004

Photo Copyright Getty Images


 PRINT & E-MAIL
Print Story
E-mail Story
 MORE HEADLINES
Kerik withdraws name for homeland security chief
U.S. military begins winter offensive in Afghanistan
U.S. soldier sentenced to prison for killing wounded Iraqi
Bush getting physical; visiting wounded soldiers
Weather hampers oil spill response
Peterson jury ends deliberations for the weekend with no penalty
DaimlerChrysler recalling 600,000 Dodge Durango and Dakota trucks
Months after the start of gay marriage, the divorces begin
Bush taps treasury official as second-term energy chief
Searchers still looking for six missing in cold waters of Alaska
James Brown diagnosed with prostate cancer
Bush rules out payroll tax hike in Social Security overhaul
Snow staying at treasury; Principi leaving veterans post
Martha Stewart coming back to TV
Senate overwhelmingly approves compromise intelligence bill
Canada High Court Upholds Same-Sex Unions
Bush Picks Head of Veterans Affairs
Bush Nixes Social Security Tax Rise
Powell Asks for European Troops in Iraq
Usher Dominates Billboard Music Awards
Hamm, Foudy and Fawcett Go Out On Top
U.S. Consulate Gunman Critical
Mike Tyson Arrested in Arizona
U.S. Deserter Numbers Reach 5,500
Nightclub Shooting Leaves 5 Dead
Soldiers En Route to Battle in Iraq Grill Rumsfeld in Kuwait
Dick Clark Suffers Mild Stroke
Senate Passes Intel Reform Bill
Snow Will Retain Post at Treasury; Principi Leaving Veterans Affairs
U.N. Member States Applaud, Support Annan

© 2004 CLEAR CHANNEL COMMUNICATIONS | TERMS OF USE | PRIVACY STATEMENT | COPYRIGHT & TRADEMARK NOTICE