Lloyd's Insurers Drop 9/11-Related Claims Lawsuit
Without explanation, a group of insurers today dropped its lawsuit against Saudi Arabia and several Saudi organizations claiming they should cover the $215 million the group has paid out in claims related to the 9/11 terrorist attacks.
Who Funded 9/11? Families & Insurers Still Want Answers
William Doyle’s family is one of the families determined to find those who funded the attacks on 9/11. Doyle’s son, Joseph, was killed in the north tower of the World Trade Center. Doyle said there are “concrete facts” showing the majority of the hijackers’ funding originated from Saudi Arabia. He said the government helped “shield” some of that evidence when the joint congressional committee investigating the attacks published a report in December 2002 and redacted about 28 pages. Doyle and others believe names of Saudi financiers and companies have been removed.
Insurers Sue Saudi Arabia Seeking 9/11 Reimbursements
A subsidiary of the British insurer Lloyd’s of London Thursday sued the Kingdom of Saudi Arabia, several of its government agencies and banks, and a handful of prominent individuals in U.S. District Court in Johnstown, saying they are liable for the Sept. 11, 2001, terrorist attacks. Lloyd’s Syndicate 3500 and affiliates paid out $215 million in insurance claims stemming from the attacks, according to the complaint. They want the money back.