Allianz in Mediation with WTC Developer Silverstein
I hope this insurance company is waking up from the scam we can only pray. We should e-mail them and try to wake them up on at least building 7 http://www.royal-and-sunalliance.com/royalsun/contactus/index.jsp?link=7&sub=41
Allianz in Mediation with WTC Developer Silverstein
NEW YORK (Reuters) - Allianz (ALVG.DE: Quote, Profile , Research) said mediators would seek to determine how much it owes the developer of the World Trade Center, while he 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 on Monday.
Silverstein, who leased the downtown site destroyed on Sept. 11, 2001, claims Allianz still owes him $553 million and that a second insurer, Britain's Royal & Sun Alliance (RSA.L: Quote, Profile , Research), owes him $250 million. He said their reluctance had slowed rebuilding at the site.
"You can count on some insurance companies to look for every way they can think of to avoid paying up," said Silverstein, making common cause with Gulf Coast homeowners who are suing for claims from Hurricane Katrina in 2005.
Allianz spokeswoman Sabia Schwarzer said a mediation process between Silverstein and the German insurer began on Monday. She said she had no further details.
Royal & Sun spokesman Kader Bryan said his company would "continue to pay our obligations as they come due" and that Royal & Sun currently did not owe Silverstein and the Port Authority any money.
A spokesman for Silverstein declined to comment on the mediation talks.
Brooklyn-Queens Democratic Congressman Anthony Weiner vowed to punish the insurers with fines or operating restrictions if they did not pay up.It is time for them to be held accountable," said Anthony Shorris, executive director of the Port Authority of New York and New Jersey, the owner of the World Trade Center site.
The Allianz spokeswoman said the insurer had already paid almost $2 billion in claims from the World Trade Center disaster, settling with all its policyholders except for Silverstein and the Port Authority.
Schwarzer said Allianz has paid Silverstein and the Port Authority almost $550 million and that the developer had more than enough money in the bank to begin construction at the lower Manhattan site.
Royal & Sun recently spun off its U.S. operations to Arrowpoint Capital, a unit run by its U.S. management. Silverstein and the Port Authority have sued, claiming Arrowpoint will not have enough capital to meet their claims.
The Delaware insurance commissioner approved the sale on Feb. 20 over their objections, however, saying Arrowpoint would have enough money to meet its obligations.
http://investing.reuters.co.uk/news/articleinvesting.aspx?type=bankingFinancial&storyID=2007-03-13T050211Z_01_N12373408_RT...
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we're going to make you pay!
You tell em Larry, champion of the working class!!
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♠
Real Truther a.k.a. Verdadero Verdadero
WTCdemolition.com - Harvard Task Force
The insurance companys might
The insurance companys might be interested in who told the news agencys the building had collapsed.
Larry Larry
Has anyone played the "Pull it" clips for the insurance companies? I think they might be a tad interested in that.
After he's done "making them pay" I suggest we make Larry and Co. "pay" for what they've done.
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Physics/Science/Mathematics do not lie, only people do.
9/11 was an INSIDE JOB
You can contact Allianz Property & Casualty Insurance
at...
http://www.allianz.com/en/contacts_services/index1.html
I wonder what they would think of arie's new WTC7 video... :-)
I bet their investors would want to know also... especially as... "the insurer had already paid almost $2 billion in claims from the World Trade Center disaster"
Nice blog "get it right"
Best wishes
Send in messages? Can't hurt.
I went ahead and submitted a comment at their website.They have a special page for that.
Who knows who (or what, for that matter...) will read these comments at their public website. I think Allianz is basically looking for customers by this means. The confirmation page said someone would send me an email message, answering my question.
Thanks, 911veritas, for looking up the website page. Good post 'get it right.'
Here is what I wrote. Note that, as usual, my style is very soft. Others will prefer a more confrontation style, and I do not dispute that; it might work better sometimes than what I do. If others send stuff in, maybe you will want to include more specifics than I did? You choose.
Again, here is what I sumitted to them at the above website:
"Please investigate how the World Trade Center buildings came down -- look at each of the three -- before paying more to Mr. Silverstein. A quick search of the web will yield much to look at. You will be able to winnow the truth from speculation, if you look. Basically, this was, in my opinion, a $7 billion insurance fraud. Please check it out."
Phone calls are more effective
Send E mail or even call them if you got the balls i am thursday i got the day off
Companies of the Allianz Group in United States of America
Allianz Global Corporate & Specialty North America
225 W. Washington Street, Chicago, IL 60606-3484
Phone:+1 312 224 3312
Fax:
Email:> jwhite@aic-allianz.com
Internet:> www.allianzglobalrisks.com/us
Internet:> Allianz Global Investors Distributors LLC
2187 Atlantic Street, Stamford, CT 06902, USA
Phone:+1 203 352 4900
Fax: +1 203 352 1283
Email:>
Internet:> www.allianzinvestors.com
Internet:> Allianz Global Investors of America L.P.
680 Newport Center Drive, Suite 250, Newport Beach, CA 92660
Phone:+1 949 219 2200
Fax: +1 949 219 3949
Email:>
Internet:>
Internet:> Allianz Hedge Fund Partners
Four Embarcadero Center, 32nd Floor, San Francisco, CA 94111-4189, USA
Phone:+1 415 954 53-43
Fax: +1 415 954 53-93
Email:> info2@allianzhfp.com
Internet:> www.allianzhfp.com
Internet:> Allianz Life Insurance Company of North America
P.O. Box 1344, Minneapolis, MN 55416-1297
Phone:+1 800 950-5872
Fax:
Email:> Allianz_Contact@allianzlife.com
Internet:> www.allianzlife.com
Internet:> Allianz Private Equity Partners, Inc.
1345 Avenue of the Americas, 47th floor , New York, NY 10105-4800, USA
Phone:+1 (212) 739 3400
Fax: +1 (212) 739 4400
Email:> newyork@apep.com
Internet:> www.apep.com
Internet:> Allianz Risk Transfer, Inc.
350 Park Avenue, New York, NY 10022
Phone:+1 212 754-6100
Fax: +1 212 754-2330
Email:>
Internet:> art.allianz.com
Internet:> Euler Hermes ACI
800 Red Brook Boulevard, Owings Mills, MD 21117
Phone:+1 410 753-0753
Fax: +1 410 753-0952
Email:>
Internet:> www.eulerhermes.com
Internet:> Fireman's Fund AgriBusiness
10895 Lowell Avenue, Overland Park, KS 66210, USA
Phone:+1 913 338-7800
Fax: +1 913 338-7888
Email:> dmay@ff-ab.com
Internet:> www.ffic.com
Internet:> Fireman's Fund Insurance Company
777 San Marin Drive, Novato CA 94998 - USA
Phone:+1 415 899-2000
Fax:
Email:> pr@ffic.com
Internet:> www.ffic.com
Internet:> Fireman's Fund McGee Underwriters
75 Wall Street, New York, NY 10005
Phone:+1 212 524-8600
Fax: +1 212 524-9446
Email:> postmaster@ffic.com
Internet:> www.ffic.com
Internet:> Interstate Insurance Group
55 East Monroe Street, Suite 3300, Chicago, IL 60603
Phone:+1 312 346-6400
Fax:
Email:> interstate@iigroup.com
Internet:> www.iigroup.com
Internet:> NFJ Investment Group
2100 Ross Avenue, Suite 1840, Dallas, Texas 75201, U.S.A.
Phone:+1 214 754-1780
Fax: +1 214 754-1798
Email:> mposey@nfjinv.com
Internet:> www.nfjinvestmentgroup.com
Internet:> Nicholas-Applegate Capital Management
600 W. Broadway, San Diego, CA 92101
Phone:+1 619-687-2968
Fax: +1 619-744-5701
Email:> susan_hunter@nacm.com
Internet:> www.nacm.com
Internet:> Oppenheimer Capital
1345 Avenue of the Americas, New York, New York 10105-4800
Phone:+1 800 207-6909
Fax:
Email:>
Internet:> www.opcap.com
Internet:> PEA Capital LLC
1345 Avenue of the Americas, 50th Floor, New York, NY 10105-4800
Phone:+1 212 739 3800
Fax: +1 212 739 3954
Email:>
Internet:>
Internet:> PIMCO
840 Newport Center Drive, Suite 300, Newport Beach, CA 92660, USA
Phone:+1 949-720-6000
Fax: +1 949-720-1376
Email:>
Internet:> www.pimco.com
Internet:> RCM Capital Management LLC
4 Embarcadero Center, San Francisco, CA 94111-4189, USA
Phone:+1 415 954 5400
Fax: +1 415 954 8200
Email:>
Internet:> www.rcm.com
Internet:> © Allianz 2006. All Rights Reserved. >Credits >Privacy Principles >Terms Of Use
contact investor relations
It's one of the links on the contact page. ask them if they plan to reduce dividends as a result of their having to bail out an arsonist...
____
♠
Real Truther a.k.a. Verdadero Verdadero
WTCdemolition.com - Harvard Task Force
more on Allianz, one of the WTC insurers
Hmmm... So Allianz had some kind of Fireman's coverage before 9/11? Interesting. Also note their stock price since 2001: http://marketwatch.nytimes.com/custom/nyt-com/html-companyprofile.asp?symb=ALIZF
Oh yeah, check out the part in bold...
Munich/New York, Nov 5, 2001
Andreas Shell
If you want to quote this article, please cite Allianz.com News as the source.
♠
Real Truther a.k.a. Verdadero Verdadero
WTCdemolition.com - Harvard Task Force
Note ties
Beijing is selling off ownership stakes in its state-owned companies. The goal isn’t capital; it’s transparency.
Foreign companies are in the midst of an extraordinary shopping spree in China. In October 2005, Carlyle Group became the first direct buyer of a Chinese state-owned enterprise (SOE), with its $375 million bid for an 85 percent stake in Xugong Group Construction, the country’s largest construction machinery manufacturer and distributor. That deal was quickly followed by a handful of other high-profile foreign bids for Chinese SOEs, including the January 2006 announcement that Goldman Sachs, Allianz Group of Germany, and American Express would pay $3.8 billion for a minority stake in Industrial and Commercial Bank of China, the country’s largest government-owned bank
http://www.strategy-business.com/press/sbkw2/sbkwarticle/sbkw060726?pg=all