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Senator Joseph Doria Calls For Investigation Into Insurers’ Failure To Settle Remaining Claims At Ground Zero

Resolution Seeks to End Resistance from Insurance Companies to Paying for Redevelopment of the World Trade Center

BAYONNE, N.J. – Senator Joseph Doria today announced that he will introduce a resolution in the New Jersey State Senate urging the New Jersey Department of Banking & Insurance to investigate the conduct of – and take action against – insurance companies that are refusing to pay outstanding claims on the World Trade Center.

“The conduct of these companies is deplorable. The New Jersey Department of Banking & Insurance needs to full examine the reasons why they not lived up to their agreement” said Doria (D-Hudson).

Despite the recent verdict by the United States Court of Appeals for the Second Circuit that the attacks of September 11th constituted two occurrences for insurance purposes, these insurers not only continue to insist that the attacks constitute a single occurrence but are even refusing to pay the amount that they would owe the Port Authority of New York & New Jersey and WTC developer Silverstein Properties under a single occurrence.

“This money is needed to complete the rebuilding of the World Trade Center site. This is important to the entire region” said Doria. “After five years, there is still a hole in the ground that is visible from my district.”

Doria is the Vice-Chair of the Senate Economic Growth Committee.

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