Insurers Win $9.4 Billion Judgment Against Hizbullah in 9/11 Lawsuit
A U.S. district-court judge has awarded insurers $9.4 billion after entering a final judgment against Hizbullah in a lawsuit over the Sept. 11, 2001 attacks that left almost 3,000 people dead.
U.S. District Court Judge George Daniels in the Southern District of New York said Hizbullah must pay the damages to insurers that sought to recoup payments to business and property policyholders for losses from the attacks.
The group of insurers, which includes subsidiaries of Chubb Corp., AXA Group, OneBeacon, and Munich Reinsurance Co., won in 2006 default judgments against Hizbullah and al-Qaida when the two never contested the suit.
Al-Qaida militants hijacked four planes and crashed them into the World Trade Center in New York, the Pentagon in Washington and a Pennsylvania field on Sept. 11, 2001.
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