Silverstein Was Already Thinking About Insurance Already On The Day of 9/11

It is well known that World Trade Center leaseholder Larry Silverstein has tried to claim the 9/11 attacks against New York constituted two separate events, thus entitling him to a double insurance payout. But a new entry in the Complete 9/11 Timeline reveals something less well known: Silverstein was already thinking about how to get this double payout on the evening of 9/11 itself:

September 12, 2001: WTC Leaseholder Already Wants to Claim Double Insurance for Attacks and Rebuild
Developer Larry Silverstein, who recently took over the lease of the World Trade Center (see July 24, 2001), later tells journalist Steven Brill that he’d been so sickened by the destruction on 9/11, and by the deaths of four of his employees in the WTC, that he did not focus on insurance or financial matters until “perhaps two weeks later.” But according to two people who call him this morning to offer their sympathy, Silverstein soon changes the subject: “He had talked to his lawyers… and he had a clear legal strategy mapped out. They were going to prove, Silverstein told one of the callers, that the way his insurance policies were written the two planes crashing into the two towers had been two different ‘occurrences,’ not part of the same event. That would give him more than $7 billion to rebuild, instead of the $3.55 billion that his insurance policy said was the maximum for one ‘occurrence.’ And rebuild was just what he was going to do, he vowed.” By mid-morning, he calls his architect David Childs, and instructs him to start sketching out a plan for a new building. He tells Childs to plan to build the exact same area of office space as has been destroyed. In fact, Silverstein’s lawyers claim the developer had been on the phone to them on the evening of 9/11, wondering “whether his insurance policies could be read in a way that would construe the attacks as two separate, insurable incidents rather than one.” [Brill, 2003, pp. 18-19 and 39-40; Real Deal, 1/2004] Yet Jerome Hauer, the former director of New York’s Office of Emergency Management, had gone to Silverstein’s office on 9/11, and later claims that Silverstein’s primary concern that day had been his employees, and whether they had gotten out of the WTC. “Larry was absolutely devastated,” he says. [Weiss, 2003, pp. 374] Following a lengthy legal dispute, Silverstein will eventually receive $4.55 billion in insurance payouts for the destruction of the WTC (see May 23, 2007). [New York Post, 5/24/2007]

Scrooge McDuck Silverstein

"They took it from the top to the bottom, we're gonna take them from the bottom to the top." - Dan Wallace

Scrooge McDucky Lucky Larry Silverstein

Scrooge McDucky Lucky Larry Silverstein

Steven Brill

FYI, The reference to Brill above is a reference to his book, After: How America Confronted the September 12 Era.

Brilliant find

What I'd like to know is who the smart person was who found this. Paul Thompson?

Not surprising

This proves nothing in itself. Sure, its disgusting, but how surprising is it that someone with lots of money invested would be thinking about insurance? And he might have had shareholders to which he owed a duty. And such an inquiry does not give a lie to the statement that his "primary" concern was his employees--so the call reflected a "secondary" concern and he wasn't "focusing" on it.

When is this movement going to start concentrating on real evidence?