Insurer's suit opposes agency's request for more money to rebuild commercial space at WTC site
NEW YORK (Reuters) - A group of insurers sued the Port Authority of New York and New Jersey Thursday over the agency's claim that it is owed $2.1 billion to help rebuild part of New York's World Trade Center. A group of 10 syndicates at the Lloyd's insurance market and eight other insurance companies filed the complaint in federal court Thursday.
The complaint is in opposition to what they said was the Port Authority's claim for the $2.1 billion "shortfall" made in a written request in March to help rebuild 10 million square feet of commercial space at the site, which the transportation agency owns
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