Tuesday, February 26, 2008

Judge restricts Port Authority's WTC claim

Judge restricts Port Authority's WTC claim: "The Port Authority of New York and New Jersey can collect insurance only for damage inflicted on two buildings of the World Trade Center site destroyed on Sept. 11, 2001, rather than for the entire complex, a U.S. District Court judge ruled on Monday.

The decision turned on whether the Port Authority's insurance policies excluded the rest of the World Trade Center complex because the agency had leased it to developer Larry Silverstein, who had bought his own insurance." - Reuters

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