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2 insurers deny blocking rebuilding of ground zero.(Deutsche Bank filed a lawsuit against two insurance carriers, Allianz and AXA)
Real Estate Weekly
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September 3, 2003|
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COPYRIGHT 2003 Hagedorn Publication. 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.
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Insurer, Allianz, has defended its refusal to hand over the estimated $850 million Deutsche Bank claims it is due for having to rebuild its 130 Liberty Street property.
In court last week, the insurer denied it was holding up the rebuilding of ground zero and accused Deutsche Bank of exploiting the Sept. 11 attacks for its own gain.
Last month, Deutsche Bank, filed a lawsuit against two insurance carriers, Allianz and AXA. Deutsche wanted to demolish the building that was damaged in the attacks, saying it was too contaminated to be re-occupied.
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