BigRed1
Member
WTC insurers sue airlines over 9/11 attack
Fri Sep 10, 2004 03:57 PM ET
NEW YORK, Sept 10 (Reuters) - On the day before the third anniversary of the Sept. 11 attacks on the United States, insurers for some World Trade Center buildings sued American and United Airlines and others alleging their negligence allowed the deadly hijackings.
The suit, which was filed by London's QBE International Insurance and certain underwriters at Lloyd's of London (LOL.UL: Quote, Profile, Research) , seeks over $300 million from each of the two airlines and various amounts from other defendants. The insurers want to recover monies they paid out for property damage and other losses caused to World Trade Center buildings 1,2,4 and 5 and nearby structures.
The case is among a number of Sept. 11 related suits filed recently to meet the three-year statute of limitations deadline on Saturday. Among defendants in the case are the airlines' parents AMR Corp. (AMR.N: Quote, Profile, Research) and UAL Corp. (UALAQ.OB: Quote, Profile, Research)
United said it does not comment on pending litigation. American did not have an immediate comment.
On Sept. 11, 2001, hijackers penetrated security at Boston's Logan airport and flew American Flight 11 and United Flight 175 to Manhattan crashing the aircraft into the World Trade Center and causing towers One and Two to collapse.
Among other defendants named in the suit are Boeing Co. (BA.N: Quote, Profile, Research) , Pinkerton's Inc. (PKT.N: Quote, Profile, Research) , ICTS International NV and US Airways Group (UAIR.O: Quote, Profile, Research
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Insurance companies and lawyers make me ill sometimes.
BigRed1
Fri Sep 10, 2004 03:57 PM ET
NEW YORK, Sept 10 (Reuters) - On the day before the third anniversary of the Sept. 11 attacks on the United States, insurers for some World Trade Center buildings sued American and United Airlines and others alleging their negligence allowed the deadly hijackings.
The suit, which was filed by London's QBE International Insurance and certain underwriters at Lloyd's of London (LOL.UL: Quote, Profile, Research) , seeks over $300 million from each of the two airlines and various amounts from other defendants. The insurers want to recover monies they paid out for property damage and other losses caused to World Trade Center buildings 1,2,4 and 5 and nearby structures.
The case is among a number of Sept. 11 related suits filed recently to meet the three-year statute of limitations deadline on Saturday. Among defendants in the case are the airlines' parents AMR Corp. (AMR.N: Quote, Profile, Research) and UAL Corp. (UALAQ.OB: Quote, Profile, Research)
United said it does not comment on pending litigation. American did not have an immediate comment.
On Sept. 11, 2001, hijackers penetrated security at Boston's Logan airport and flew American Flight 11 and United Flight 175 to Manhattan crashing the aircraft into the World Trade Center and causing towers One and Two to collapse.
Among other defendants named in the suit are Boeing Co. (BA.N: Quote, Profile, Research) , Pinkerton's Inc. (PKT.N: Quote, Profile, Research) , ICTS International NV and US Airways Group (UAIR.O: Quote, Profile, Research
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Insurance companies and lawyers make me ill sometimes.
BigRed1