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Article: Insurers, reinsurers sue to recover Sept. 11 losses.(News)
- Article from:
- Business Insurance
- Article date:
- September 20, 2004
- Author:
CopyrightCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: DOUGLAS McLEOD
NEW YORK-More than a dozen insurers and reinsurers have filed lawsuits seeking to recover Sept. 11, 2001, terrorism losses from an array of defendants ranging from American Airlines Inc. and United Airlines Inc. to the Kingdom of Saudi Arabia.
Filed last Friday to meet a deadline for Sept. 11-related liability actions, the suits are expected to be consolidated with a mass of related claims already pending in U.S. District Court in New York. The consolidated action, pitting dozens of individual and corporate plaintiffs against multiple defendants, ultimately will sort out who is liable for property and other losses stemming from the ...