U.S. District court Judge Harold Baer has ruled that Allianz S.E. is primarily entitled to recoveries from third parties found liable for damages from the Sept.11, 2001 terrorist attacks.  World Trade Center leaseholder Silverstein Properties Inc. challenged the ruling claiming that the $433 million settlement of the $3.55 billion property limit from Allianz S.E. last year was insufficient.  Silverstein Properties Inc. argued they should be made whole from any recoveries in pending litigation from airlines, security companies before Allianz can recover through subrogation.  Judge Baer rejected Silverstein’s claim, ruling that Allianz’s policy coverage provides for subrogation and “gives priority of recovery to Allianz”.  Silverstein Properties Inc. plans to appeal.

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