Allianz, Port Authority Settle WTC Claims

Law360, New York (September 1, 2009, 3:24 PM EDT) -- After nearly eight years of disputes, Allianz Global Risks US Insurance has settled all claims with the Port Authority of New York and New Jersey related to the Sept. 11 attacks of 2001.

The parties submitted a joint motion on Monday in the U.S. District Court for the Southern District of New York requesting the dismissal of all claims and counterclaims relating to the dispute. Each party will retain and bear its own costs in the legal battle.

“The settlement covers all claims — everything,” said...
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