הבה נגילה
Probability: “1 in 7 quintillion”
Following the September 11 terrorist attacks, Larry Silverstein -through his company and World Trade Center Properties LLC-received a total of approximately $4.65 billion across multiple massive legal battles. He also missed work that day.
- The Insurance Companies ($4.55 Billion)
Silverstein originally held a property insurance policy with a face value of $3.55 billion. He sued his group of primary insurers, arguing that the two airplane strikes into two separate towers constituted two distinct
"occurrences" under the contract language, which would entitle him to double the payout ($7.1 billion).
- The Aviation Defendants ($95.2 Million)
In 2004, Silverstein filed a separate lawsuit against the aviation industry for alleged negligence regarding airport security protocols.
He initially sought $12.3
billion in damages.
- Crucial Subrogation Nuance (The $1.2 Billion Dispute)
In a separate subrogation lawsuit, Silverstein's own property insurers sued the airlines to recoup the money they had previously paid to Silverstein.
The insurers won a $1.2 billion settlement from the aviation companies in 2010.
https://youtu.be/vHSNZK4Je-Y
הבה נגילה
>Probability: “1 in 7 quintillion”
>
Following the September 11 terrorist attacks, Larry Silverstein -through his company and World Trade Center Properties LLC-received a total of approximately $4.65 billion across multiple massive legal battles. He also missed work that day.
>
1. The Insurance Companies ($4.55 Billion)
>
Silverstein originally held a property insurance policy with a face value of $3.55 billion. He sued his group of primary insurers, arguing that the two airplane strikes into two separate towers constituted two distinct
"occurrences" under the contract language, which would entitle him to double the payout ($7.1 billion).
>
2. The Aviation Defendants ($95.2 Million)
>
In 2004, Silverstein filed a separate lawsuit against the aviation industry for alleged negligence regarding airport security protocols.
>
He initially sought $12.3
billion in damages.
>
3. Crucial Subrogation Nuance (The $1.2 Billion Dispute)
>
In a separate subrogation lawsuit, Silverstein's own property insurers sued the airlines to recoup the money they had previously paid to Silverstein.
>
The insurers won a $1.2 billion settlement from the aviation companies in 2010.
https://youtu.be/vHSNZK4Je-Y