We're going to make you pay!'' Larry Silverstein shouted in front of a crowd

Allianz 'not paying' for destroyed WTC

INSURER Allianz said mediators would seek to determine how much it owes the developer of the World Trade Center, while he has led a demonstration against Europe's biggest insurer for withholding funds.
We're going to make you pay!'' Larry Silverstein shouted in front of a crowd of about 200 cheering construction workers at a noon rally in midtown Manhattan.

Mr Silverstein, who leased the downtown site destroyed on September 11, 2001, claims Allianz still owes him $US553 million ($A708.57 million) and that a second insurer, Britain's Royal & Sun Alliance, owes him $US250 million ($A320.33 million). He said their reluctance had slowed rebuilding at the site.


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The Allianz spokeswoman said the insurer had already paid almost $US2 billion ($A2.56 billion) in claims from the World Trade Center disaster, settling with all its policy holders except for Silverstein and the Port Authority.

Ms Schwarzer said Allianz has paid Mr Silverstein and the Port Authority almost $US550 million ($A704.72 million) and that the developer had more than enough money in the bank to begin construction at the lower Manhattan site.

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http://www.news.com.au/story/0,23599,21372424-31037,00.html

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