|
Typical Chronology for Neighboring Offices
Wall Street Plaza
(Holborn, QBE, Royal, Willis Re, Global Crossing, Harris Bank and I.M. Pei)
| 8:48 a.m. - 9:03 a.m. |
Seeing, not understanding |
| 9:04 a.m. - 10:30 a.m. |
Finding our staff, visitors and families;
Advised staff probably better to stay put, but
to leave if they felt safer (a common response) |
| 12:00 p.m. - 1:00 p.m. |
Evacuating |
| 5:00 p.m. - |
Loss of power in building, shutting vmail and
email |
| 8:00 p.m. - |
Confirmed all staff safely home |
| September 12th |
Client and staff conferences on phone |
| September 13th to 16th |
Off-site meetings |
| September 15th |
First access to building (through National Guard
checkpoints ) |
| September 16th |
External generators on-line |
| September 17th |
Staff returns with limited phones and power, no
ventilation. Space provided to neighboring reinsurer. |
| September 24 |
Full power, ventilation, switchboard and phone
lines |
| September 30 |
T-1 phones & internet restored. Mail service still erratic
No direct-to-desk phone service. Limited cell
phones . |
Insured Property Losses
 |
| Buildings: |
|
| Silverstein interests in WTC leases (one limit) |
$3.2Bn |
| #7 WTC |
$0.6Bn |
| 130 Liberty St. (incl. Demolition costs) |
$0.6Bn |
| Adjoining buildings |
$1.5Bn |
|
| Total Building Damage |
$6.0Bn |
|
|
| Contents: |
|
| PA/Silverstein |
$400Mn |
| #1 - #7 WTC tenants 15Mn sq.ft x $400/sq.ft |
$6,000Mn |
| WFC, One LP, 130 Liberty, Millennium |
? |
|
| Total Content Damage |
$9.0Bn |
|
|
| Personal Lines: APD, ALE, Contents, Floaters |
$600Mn |
| Debris Removal (two mile radius) |
$500Mn |
| Aircraft: |
|
| Hulls |
$130Mn |
| Engines |
$130Mn |
|
| Total Aircraft Damage |
$260Mn |
|
|
| On-premises Business Interruption: |
|
| Extra Expense Coverage (Merrill at $1Mn per day x 3 months…) |
|
Limited Off-premises & Contingent BI (Assumes no coverage
for trading interruption, some claims filed) |
|
|
| Total Business Interruption |
$10.0Bn |
|
Total Insured Property Loss $25.5Bn
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