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Major Insurers Sue Osama bin Laden Over 9/11 Attacks

On the eve of the second anniversary of the Sept. 11 attacks, five major insurance companies sued Osama bin Laden, al-Qaida, dozens of other terrorist...
September 16, 2003

On the eve of the second anniversary of the Sept. 11 attacks, five major insurance companies sued Osama bin Laden, al-Qaida, dozens of other terrorist organizations and five Middle Eastern countries, seeking $300 billion in connection with claims paid out to victims of the attacks. There are 30 different plaintiffs listed in the suit that are units of major insurers: Chubb Corp., Zurich American Insurance Co., One Beacon Insurance Group, American Reinsurance Co. and Crum & Forster. The plaintiffs are seeking to recoup billions of dollars of property-and-casualty and workers' compensation claims in addition to punitive damages.

The defendants include bin Laden, al-Qaida, Hamas, Hezbollah, Palestine Islamic Jihad and five countries on the U.S. State Department's list of states that sponsor terror -- Iran, Iraq, Saudi Arabia, Sudan and Syria. More

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