Millennium Hilton settles 9/11 claims.(News)(Millennium and Copthorne Hotels PLC)(CDL Hotels USA Inc.)(Brief article)

Business Insurance,  March, 2005  by PAREKH, RUPAL

Tags: 9/11 commission, Hilton Hotels Corp., Millennium, Travelers Property Casualty Corp.

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Byline: RUPAL PAREKH NEW YORK-CDL Hotels USA Inc., a subsidiary of London-based Millennium & Copthorne Hotels P.L.C., reached a final settlement with a St. Paul Travelers Cos. Inc. unit last week over alleged property damages and lost business at the Millennium Hilton in New York as a result of the Sept.

11, 2001, terrorist attacks. Travelers Property Casualty Corp. provided excess property insurance for all CDL properties in the United States from Jan. 1, 2001, through Jan. 1, 2002. Under the agreement, Travelers will make a final payout to CDL of $25 million for losses ...

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