Airlines insurers settle 9/11 claims

Eleanor Steed
By Eleanor Steed November 23, 2017 15:17

Airlines insurers settle 9/11 claims

Insurers for American Airlines, United Airlines and other aviation defendants have agreed to pay $95 million to settle claims that security lapses led to their aircraft being hijacked in the September 11 terrorist attacks without making any admissions or concessions with respect to liability for the attacks.

The settlement, signed last week, resulted from “extensive, arms-length negotiations” by lawyers “who worked diligently for months.”

Developer Larry Silverstein and World Trade Center Properties have collected more than $5 billion from other defendants through lawsuits. The money has aided the reconstruction of buildings on the 16-acre lower Manhattan site.

Eleanor Steed
By Eleanor Steed November 23, 2017 15:17