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We are presently docked at Road Town in the British Virgin Islands.
Down at the end of our dock is a huge mega yacht somewhere in the 170 to 180 ft range. It literally looks like a minature cruise ship and is just perfect in every detail. It is documented to an offshore corporation but a little digging around on the web pulled up more information. It turns out that it is owned (indirectly) by a fellow named Larry Silverstein. He is a major NY real estate develper and the lease holder of the original World Trade Center site. The boat is named after the first part of his last name, Silver, and his two daughters, Shari and Lisa. Silverstein was involved in a major insurance dispute after the 9/11 World Trade Center attack. His insurance company claimed that the attack counted as one insurable incident. Silverstein counter claimed that it was actually two incidents. Don't remember how that turned out - I'll leave it as a homework exercise. http://svsuzyq.wordpress.com/2011/07/06/silver-shalis-an-interesting-story/ https://www.google.com/search?q=yacht+silver+shalis&hl=en&tbm=isch&tbo=u& source=univ&sa=X&ei=9j4_UY_6LI-g8QTrgYHQCg&ved=0CDEQsAQ&biw=1008&bih=567 |
#2
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On 3/12/2013 11:14 AM, Wayne B wrote:
We are presently docked at Road Town in the British Virgin Islands. Down at the end of our dock is a huge mega yacht somewhere in the 170 to 180 ft range. It literally looks like a minature cruise ship and is just perfect in every detail. It is documented to an offshore corporation but a little digging around on the web pulled up more information. It turns out that it is owned (indirectly) by a fellow named Larry Silverstein. He is a major NY real estate develper and the lease holder of the original World Trade Center site. The boat is named after the first part of his last name, Silver, and his two daughters, Shari and Lisa. Silverstein was involved in a major insurance dispute after the 9/11 World Trade Center attack. His insurance company claimed that the attack counted as one insurable incident. Silverstein counter claimed that it was actually two incidents. Don't remember how that turned out - I'll leave it as a homework exercise. http://svsuzyq.wordpress.com/2011/07/06/silver-shalis-an-interesting-story/ https://www.google.com/search?q=yacht+silver+shalis&hl=en&tbm=isch&tbo=u& source=univ&sa=X&ei=9j4_UY_6LI-g8QTrgYHQCg&ved=0CDEQsAQ&biw=1008&bih=567 One plane= one incident 2nd plane= 2nd incident |
#3
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posted to rec.boats,rec.boats.cruising,misc.legal
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"Meyer" wrote in message
eb.com... On 3/12/2013 11:14 AM, Wayne B wrote: We are presently docked at Road Town in the British Virgin Islands. Down at the end of our dock is a huge mega yacht somewhere in the 170 to 180 ft range. It literally looks like a minature cruise ship and is just perfect in every detail. It is documented to an offshore corporation but a little digging around on the web pulled up more information. It turns out that it is owned (indirectly) by a fellow named Larry Silverstein. He is a major NY real estate develper and the lease holder of the original World Trade Center site. The boat is named after the first part of his last name, Silver, and his two daughters, Shari and Lisa. Silverstein was involved in a major insurance dispute after the 9/11 World Trade Center attack. His insurance company claimed that the attack counted as one insurable incident. Silverstein counter claimed that it was actually two incidents. Don't remember how that turned out - I'll leave it as a homework exercise. http://svsuzyq.wordpress.com/2011/07/06/silver-shalis-an-interesting-story/ https://www.google.com/search?q=yacht+silver+shalis&hl=en&tbm=isch&tbo=u& source=univ&sa=X&ei=9j4_UY_6LI-g8QTrgYHQCg&ved=0CDEQsAQ&biw=1008&bih=567 One plane= one incident 2nd plane= 2nd incident Wrong! One attack with two weapons = one attack = one incident. If a man used two guns to rob a bank it is one robbery incident, not two. -- Sir Gregory |
#4
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posted to rec.boats
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#5
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posted to rec.boats,rec.boats.cruising
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Wayne B wrote:
[snip] Silverstein was involved in a major insurance dispute after the 9/11 World Trade Center attack. His insurance company claimed that the attack counted as one insurable incident. Silverstein counter claimed that it was actually two incidents. Don't remember how that turned out - I'll leave it as a homework exercise. I don't understand each parties motivation. One incident, one deductible. Two incidents, two deductibles. -- Paul Hovnanian ------------------------------------------------------------------ Insert witty message here |
#6
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On Tue, 12 Mar 2013 18:09:45 -0700, "Paul Hovnanian P.E."
wrote: Wayne B wrote: [snip] Silverstein was involved in a major insurance dispute after the 9/11 World Trade Center attack. His insurance company claimed that the attack counted as one insurable incident. Silverstein counter claimed that it was actually two incidents. Don't remember how that turned out - I'll leave it as a homework exercise. I don't understand each parties motivation. One incident, one deductible. Two incidents, two deductibles. ==== I believe it was more complicated than that, something like the insurance policy having a cap on how much would be paid per incident. There was around a billion plus dollars at stake if my memory is correct. |
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