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WTC insurance settlement

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Insurance company TIG reached a settlement with World Trade Center developer Larry Silverstein yesterday under which TIG will pay Silverstein and the Port Authority $12.5 million for the 9/11 attacks. “This agreement is important because it will help to assure that we have all the money necessary to rebuild the World Trade Center on the super-accelerated timetable everyone wants,” Silverstein says. more [GlobeSt]