WTC Insurers Owe $800M

Two World Trade Center insurers, Allianz and Royal & SunAlliance, are holding out on more than $803 million that is owed to developer Larry Silverstein (and by extension, the Port Authority), according to city Comptroller William Thompson. In a letter today, the Comptroller urged the state insurance superintendent, Howard Mills, to “compel these companies to meet their financial obligations.”

Matthew Schuerman