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Have the underwriters paid out on WTC yet?

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canetoad Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-05 06:42 PM
Original message
Have the underwriters paid out on WTC yet?
Part of my job as administrator of a co-operative is to work with the insurers who underwrite a very large professional indemnity policy. I've seen time and time again the lengths an insurance underwriter will go to to avoid paying out on a claim.

I believe Swiss Re underwrote most (if not all) of the policy on the WTC. They are one of the largest re-insurers in the world. I have always hoped that, out of view of the media and public, they were investigating quietly behind the scenes. If there was any way to escape paying a claim of the size of WTC, an insurer will find it. If the blame could be laid at anyone's door the insurer would not hesitate.

My questions are: Has the claim been paid out already? If so, did the insurer raise any doubts about the nature of the act and who committed it?

I admit, I hung a lot of trust on the corporate greed of insurers to get to the bottom of what happened on that day.


*PS. No welcomes! Been here a long time. Just dont say much.
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Bushwick Bill Donating Member (605 posts) Send PM | Profile | Ignore Thu Aug-04-05 09:48 PM
Response to Original message
1. The shrewdest guys in the world
are insurance companies. You're right, if anybody could get to the bottom of what happened, it's them. Why wouldn't they deny claims, get sued by Silverstein or whomever, then duke it out in the courtroom where they can get discovery to expose the bull---- official story? If they have already paid claims, maybe they are in the scam somehow.
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mirandapriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-05 02:59 AM
Response to Original message
2. I know he was trying to get even MORE money because there were TWO
attacks and they were trying to avoid that. I guess he gets paid per terrorist attack and he said there were two planes and wanted double what they were going to give him. The Nerve! It does seem as though they would be the perfect investigators, but I'm sure they would get "warnings" at a certain point like everyone else who has snooped around or asked questions.
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janedoe Donating Member (540 posts) Send PM | Profile | Ignore Fri Aug-05-05 03:13 AM
Response to Reply #2
3. He even put in a claim for WTC7
then was caught on video saying to "pull it."

That seems fairly incriminating. Why no charges?
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canetoad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-05 04:58 AM
Response to Reply #2
4. John-Paul Leonard
Who is a Californian and a small shareholder in Allianz, submitted a shareholder proposal to the Annual General Meeting to withhold approval from the Board of Directors for failure to investigate signs of insurance fraud on 9/11. This will be interesting to follow up.

Morehere:
http://www.propagandamatrix.com/articles/may2005/040505potentialfraud.htm
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JackRiddler Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-05 04:14 PM
Response to Original message
5. The underwriters...
including Swiss Re were among those who were subjected to suspicious put-options prior to 9/11/05, though nowadays SEC and The Commission pretend the only leads were the airlines and that they've successfully debunked it.

You know, even if these guys suspect, do you really expect them to challenge the U.S. government's 9/11 story and bring faith in the entire current world economy (in which they are among the primary investors, do not forget) crashing down?

Odds are they've added up the total costs to themselves of such a move and found it better to look the other way.

But anyone know if Swiss Re has made payouts?
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