Biz Watch


Deutsche's claim for its N.Y.C. office, center, is a tall order

Tower Rubble Causes Trouble
Two years after its 41-story Manhattan tower was damaged in the Sept. 11 attacks, Germany's Deutsche Bank is still feuding with insurers over the bill. Deutsche says the Liberty Street building, about 100 m from where the south tower of the World Trade Center stood, is a total loss; the bank insists on being reimbursed for its full $1.7 billion value. But insurers Allianz of Germany and France's Axa are balking, prompting Deutsche to file suit in the New York State Supreme Court. The insurers, who together underwrote 60% of the risk, say...

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