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I think they knew it gonna collapse, because it was pulled. Might be insurance fraud combined with the need to destroy the possible evidence that could be found in the building? But please kapitain, remember that this is merely an opinion and might change as the evidence emerges. It could be anything else.. But isn't it strange that they would expect it to collapse, yet no such buildings have collapsed due the fires before? It might be that, that media had hint that it gonna collapse, but who knoes where they got that hint from?
Originally posted by v01i0
And when interviewed, he clearly says they had to pull it, later explaining that he meant 'pulling the firemen out', but why didn't he say so earlier? It isn't that hard for obviously intelligent man to phrase his words correctly if you think of it.
Originally posted by CaptainObvious
But ...he is dumb enought to admit to being in on the death of over three thousand people and destrying his own property. Funny, his insurance company had no problem with paying him for WTC7.
Originally posted by OrionStars
No problem at all. It just took a few years of court battles against the insurance companies, and Silverstein got much less than he expected. He should have gotten nothing at all. Insurance companies are well known for cutting their losses, when it starts costing more than the face value of insurance policies from lawyers fees and court costs.
In May 2004, after a 52-day trial involving some of his many insurers, Mr. Silverstein lost his first effort to claim that the two planes represented two attacks and required double payments. At the end of 2004, however, after a separate 35-day trial, he won the right to collect double payments from another set of insurers. He had spent about $100 million paying lawyers to fight this particular fight, which critics said was an unconscionable siphoning of money that should have been used for rebuilding. But in his mind, that $100 million produced an additional $1.1 billion for rebuilding ground zero, which was worth it.
www.reuters.com...
March 8, 2007 (Reuters) - The developers of the World Trade Center, including Silverstein Properties and the Port Authority of New York and New Jersey, have sued British insurer Royal & Sun Alliance and its U.S. spinoff for up to $1 billion in unpaid claims and damages from the Sept. 11, 2001, attacks.
The suit was filed on Feb. 23 in New York State Supreme Court, before Britain's second-largest commercial insurer sold off its U.S. unit to Arrowpoint Capital Corp. The sale to Arrowpoint, which was set up by the unit's management, was approved on Feb. 20 by the Delaware insurance commissioner -- over Silverstein's objections
www.nytimes.com...
The Spitzer administration announced the settlement of all insurance claims at ground zero yesterday, ensuring that $4.55 billion will be available for rebuilding the World Trade Center site.
The agreement, which the insurers described as the largest single insurance settlement ever undertaken by the industry, ended a protracted legal battle with insurers over payouts related to the terrorist attack.
Originally posted by thedman
reply to post by OrionStars
So Silverstein pulled WTC 7 ? Guess what he rebuilt it! So much for
insurance fraud angle. Go to NYC frequently and watched them as
it was rebuilt, was in NYC day after rededicated. So explain how
building was demolished only to rebuild it. Also new building incorporated
safety improvements which made it MORE expensive to construct!
He did? Where and when did he rebuild it?
He leased the rest of the complex only a few months before 9/11/2001. He bough billions of face value dollars in terrorism insurance 61 days before 9/11/2001
Originally posted by Swampfox46_1999
Yes, because his bankers forced him to purchase the insurance. Originally, he wanted 1.5 billion in terrorism coverage, his bankers wouldnt agree to that and made him purchase more.....as has been pointed out on ATS numerous times in the past three years.
In its court papers, Swiss Re shows how Silverstein first tried to buy just $1.5 billion in property damage and business-interruption coverage. When his lenders objected, he discussed buying a $5 billion policy. Ultimately, he settled on the $3.5 billion figure, which was less than the likely cost of rebuilding.
Insurers paid out $510 million after militants bombed the World Trade Center in 1993...