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Insurer Caps WTC-Demolition Asbestos Payout at 10 Million

News Link • 911 / World Trade Center

Insurer Caps WTC-Demolition Asbestos Payout at 10 Million

04-23-2012 • http://www.veteranstoday.com, by Kevin Barrett

In today’s news, American Home Assurance has announced that it is capping payouts for WTC-demolition asbestos claims at a measly $10 million.

The announcement underlines just how much cheaper it is to demolish asbestos-laden skyscrapers without a permit, than to follow legal procedures.

Larry Silverstein, a reputed illicit-sex-industry mobster, purchased the World Trade Center in 2001, shortly after the New York Port Authority lost an asbestos lawsuit and was ordered to remove all asbestos from the Twin Towers. Cost estimates for that asbestos removal ranged from the low billions to the tens of billions – far more than the outdated, half-empty buildings were worth.

Read Full Story

Reported by Robert Lee

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Tags: today’s, american, assurance, announced, capping, payouts, demolition, asbestos, claims, measly, million

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