https://www.reuters.com/article/us-usa-sept11-settlement/american-united-settle-world-trade-center-developers-9-11-claims-idUSKBN1DL2XU
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.
The accord requires approval by U.S. District Judge Alvin Hellerstein, who oversees much of the civil litigation stemming from the attacks. It would have totaled $97 million had two of American’s and United’s insurers not become insolvent.
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Silverstein has received several billion dollars from insurers to rebuild. He wanted to hold American and United responsible for their alleged negligence in failing to prevent the Twin Towers’ destruction by their hijacked planes.
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Roughly 3,000 people died in the attacks when hijackers flew planes into the World Trade Center and the Pentagon outside Washington, and a fourth hijacked plane crashed in a Pennsylvania field.
Silverstein opened a rebuilt One World Trade Center in November 2014. It remains New York City’s tallest building.
https://www.quora.com/What-did-Larry-Silverstein-mean-by-pull-it-regarding-WTC-7
https://en.wikipedia.org/wiki/Larry_Silverstein
Silverstein was interested in acquiring the entire World Trade Center complex, and put in a bid when the Port Authority put it up for lease in 2000. Silverstein won the bid when a deal between the initial winner and the Port Authority fell through, and he signed the lease on July 24, 2001.
Soon after the September 11 attacks, in 2001, Silverstein declared his intent to rebuild, though he and his insurers became embroiled in a multi-year dispute over whether the attacks had constituted one event or two under the terms of the insurance policy, which provided for a maximum of $3.55 billion coverage per event.[2] A settlement was reached in 2007, with insurers agreeing to pay out $4.55 billion,[3][4] which was not as much as Silverstein had sought. Silverstein also ran into multiple disputes with other parties in the rebuilding effort, including with the Port Authority. In an agreement reached in April 2006, Silverstein retained rights to build three office towers (150 Greenwich Street, 175 Greenwich Street, and 200 Greenwich Street), while One World Trade Center (previously referred to as the "Freedom Tower") would be owned by the Port Authority, as would Tower Five, which it would have the option of leasing to a different private developer and having redesigned as a residential building.[5]