Willis, Millennium Hilton settle lawsuit over WTC property program; Broker agrees to pay $17.5 million in coverage dispute.(News)(Millennium & Copthorne Hotels P.L.C. cases with Willis Group Holdings Ltd)(Brief article)

Business Insurance,  December, 2006  by Parekh, Rupal

Tags: Hilton Hotels Corp., Millennium

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Byline: RUPAL PAREKH NEW YORK-Millennium & Copthorne Hotels P.L.C. last week said it has reached a $17.5 million settlement with a unit of Willis Group Holdings Ltd. over the handling of its 2001 property program and losses from the Sept. 11 terrorist attacks. The hotel chain's Millennium Hilton property-a 565-room high rise located across the street from the World Trade Center site-was damaged in the attacks and remained closed until May 2003.

It was fully restored in September 2003. In October 2005, London-based Millennium and its CDL Hotels USA Inc. subsidiary sued ...

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