Quote from nutmeg:
"Another little âcoincidenceâ -- Mr. Silversten, who made a down-payment of $124 million on this $3.2 billion complex, promptly insured it for $7 Billion. Not only that, he covered the complex against âterrorist attacksâ."
I'm not surprised he would insure against terroist attacks, could have been mandatory for a loan, but that is not my point. Silverstein is real estate as is Trump. Trump published a book in 2000 I think it was titled "The America We Deserve" There was a chapter on terrorism worth a read, imo. My point is, those in real estate were probably more concerned about terrorism and an attack on NYC than the govt long before 911.
I might add, Trump world towers near the UN is one of the few if not the only residence which was built in restricted air space because of its proximity to the UN, a good selling point.
Additionally, the presence of the nypd in various countries around the world leads me to believe that nypd has little faith in the feds to protect the city.
Looks like you quoted one of the psychos that I have on ignore. Here's some truth about the WTC insurance-
http://www.911myths.com/html/wtc_insurance.html
The story...
The WTC did not have insurance coverage for terrorism. Silverstein took out the policy for terrorism with a double indemnity clause. The ink was not dry on the contract when the towers fell.
http://www.serendipity.li/wot/pop_mech/reply_to_popular_mechanics.htm
Our take...
Some people have suggested that terrorism cover was unusual at the time, and therefore having the WTC explicitly covered against terrorist acts was suspicious. Especially as it happened just before the attacks. But is this claim supported by the facts?
Well, the first problem with it is that we already know the towers were covered against terrorism in 1993, because the bombing of that year cost insurers so much:
Insurers paid out $510 million after militants bombed the World Trade Center in 1993...
http://www.foxnews.com/story/0,2933,34211,00.html
But did the insurance industry then apply specific terrorist exclusions? Apparently not.
"Even after the terrorist attack on the World Trade Center in 1993 and the
Oklahoma City bombing in 1995, insurers in the United States did not view either
international or domestic terrorism as a risk that should be explicitly considered
when pricing their commercial insurance policy, principally because losses from
terrorism had historically been small and, to a large degree, uncorrelated. Thus,
prior to September 11, 2001, terrorism coverage in the United States was an
unnamed peril covered in most standard all-risk commercial and homeownersâ
policies covering damage to property and contents"
http://grace.wharton.upenn.edu/risk/downloads/05-03-HK.pdf
Other articles tell the same story.
"Some leading U.S. and European insurers say that the destruction of the World Trade Center was not an act of war, and therefore covered under most insurance policies. If other insurers
take the same view, that means insurance companies around the world will have to pay out the $30 billion or so in claims expected by industry experts from the attack...
Claims would not likely be disallowed under terrorism exclusions either, Porro said. ``Terror damage has to be covered because insurance polices, especially in the United States, do not mention this as a rule,'' he said"
http://www.sure-net.com/board/messages/480.html
So it seems terrorism cover was the norm, not the exception. Without more information it's hard to see why cover for the towers was at all suspect.