Insurance secured for construction of World Trade Center
World Trade Center (WTC) developer Larry Silverstein today announced the placement of the workers’ compensation, general liability, excess liability, and specialty insurance with a host of insurers including AIG, Beazley and Ace, for the construction of Towers 2, 3, and 4.
The three office towers, developed by Silverstein Properties and designed by architects Norman Foster, Richard Rogers, and Fumihiko Maki, will rise along the site’s eastern edge.
As the first construction-related liability insurance programs secured for the three towers, they cover the contractors’ employees on the site and the liability exposure resulting from construction.
“This is a significant step in our efforts to build these three buildings,” said Mr Silverstein.
“The insurance industry
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