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Well the owner of one/both (not sure) of the world trade center's took out 'Terrorist insurance' in the weeks prior to the event. People took out weird stock insurance policies and all sorts. So I'm sure both governments and security services had at least SOME inkling.
The lease agreement applied to One, Two, Four, and Five World Trade Center, and about 425,000 square feet (39,500 m2) of retail space. Silverstein put up $14 million of his own money to secure the deal. The terms of the lease gave Silverstein, as leaseholder, the right and the obligation to rebuild the structures if destroyed.
The insurance policies obtained in July 2001 for World Trade Center buildings 1 WTC, 2 WTC, 4 WTC and 5 WTC had a collective face amount of $3.55 billion. Following the September 11, 2001 attack, Silverstein sought to collect double the face amount (~$7.1 billion) on the basis that the two separate airplane strikes into two separate buildings constituted two occurrences within the meaning of the policies. The insurance companies took the opposite view, and the matter went to court. Based on differences in the definition of "occurrence" (the insurance policy term governing the amount of insurance) and uncertainties over which definition of "occurrence" applied, the court split the insurers into two groups for jury trials on the question of which definition of "occurrence" applied and whether the insurance contracts were subject to the "one occurrence" interpretation or the "two occurrence" interpretation.
The first trial resulted in a verdict on April 29, 2004, that 10 of the insurers in this group were subject to the "one occurrence" interpretation, so their liability was limited to the face value of those policies, and 3 insurers were added to the second trial group. The jury was unable to reach a verdict on one insurer, Swiss Reinsurance, at that time, but did so several days later on May 3, 2004, finding that this company was also subject to the "one occurrence" interpretation. Silverstein appealed the Swiss Re decision, but lost that appeal on October 19, 2006 The second trial resulted in a verdict on December 6, 2004, that 9 insurers were subject to the "two occurrences" interpretation and, therefore, liable for a maximum of double the face value of those particular policies ($2.2 billion). The total potential payout, therefore, was capped at $4.577 billion for buildings 1, 2, 4, and 5. An appraisal followed to determine the value of the insured loss.
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Originally posted by smurfy
Galvanic corrosion, would the towers still be standing today or would they have been dismantled as uninsurable, and already a health hazard?
Originally posted by TechUnique
Well the owner of one/both (not sure) of the world trade center's took out 'Terrorist insurance' in the weeks prior to the event. People took out weird stock insurance policies and all sorts. So I'm sure both governments and security services had at least SOME inkling.
Press Release Article
Statement by Lewis M. Eisenberg re: Net Lease of World Trade Center
Date: Mar 19, 2001
Press Release Number: 37-2001
STATEMENT BY LEWIS M. EISENBERG, CHAIRMAN, THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY
Re: Net Lease of World Trade Center
In connection with the net lease of the World Trade Center, on February 22, 2001, the Port Authority entered into an exclusive negotiating period with Vornado Realty Trust. During this period, Port Authority staff and its advisors, JP Morgan, Cushman & Wakefield and Milstein Brothers Realty Advisors, have worked with representatives of Vornado to complete the contract and associated transactional documents.
In view of the lack of a final agreement at this time, the Port Authority's Board of Commissioners has instructed staff and our advisors to engage in exclusive negotiations with Silverstein Properties and Westfield America to conclude a 99-year net lease transaction.
end
“Silverstein and Eisenberg have both held senior leadership positions with the United Jewish Appeal (UJA), a billion dollar Zionist “charity” organization, to which media magnate Rupert Murdoch and Lowy generously contribute. In 1997, Henry Kissinger presented Murdoch with the UJA’s award for “Humanitarian of the Year.” Silverstein is a former chairman of UJA. This organization raises hundreds of millions of dollars every year for a network of Zionist agencies in the United States and Israel. [x]
Originally posted by DrEugeneFixer
Originally posted by smurfy
Galvanic corrosion, would the towers still be standing today or would they have been dismantled as uninsurable, and already a health hazard?
Galvanic corrosion between the steel structure and the aluminum cladding would destroy only the cladding, and leave the steel intact. look it up.