reply to post by Wizard_1988
First of all the buildings were massively overinsured. To rebuild BOTH buildings together would cost less than 1 billion dollars. This is based on
using the highest prices listed in RS Means Building Construction Cost Data of 2005, the ‘gold standard’ of construction cost estimating.
Secondly, the ‘disaster’ that occurred, the Muslim fundamentalist ‘terrorism’ attack, was highly unusual. Had only happened once before, in
the (very bogus) 1993 WTC bombing. Regardless, the catastrophe took place only six weeks after policy signing.
Of course insurance companies — by default — investigate before settling. Unless, they, or their executives are ‘paid off’. Something along
those lines must have happened here. Why would they otherwise fork over 3.5 billion for something that only costs 1 billion to replace?
Greetings,
The Wizard In The Woods


