June 26, 2006

Developer Silverstein sues over WTC insurance money

NEW YORK (Reuters) - World Trade Center developer Larry
Silverstein and the Port Authority of New York and New Jersey
on Monday sued insurers seeking assurance the companies will
pay up on the buildings destroyed in the September 11 attacks.

Some insurers have suggested they might not make future
payments owed for redevelopment because the original plan has
been changed. Silverstein, who is developing the site, and the
Port Authority, which owns the site, say the money is essential
to rebuilding.