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The terrorist attack was the biggest insurance event in U.S. history, easily outstripping the Northridge earthquake, in Southern California, and Hurricane Andrew, in Louisiana and Florida.
Participants pay a support fee to Ferrari of about $32,000 for track fees, liability insurance, event management and other costs.
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The deal resolves all outstanding claims over the attacks and ends more than five years of often ugly legal manoeuvring, during which the insurers accused Mr Silverstein of profiteering and he lambasted them for ducking their duty.Mr Silverstein had contended that the attacks should be counted as two separate insurance events, entitling him to double the payout.
Melinda Jones and Harold Waters attended a health insurance enrollment event at the Baltimore Convention Center on Saturday.
_ Above: Waiting in line at a health-insurance enrollment event in Commerce, California, on March 31 , 2014
Natural disasters, of course, can happen at any time, and the best you can do is get decent travel insurance against events that have not yet occurred.
But it would also undermine the efficient pricing of risk by providing insurance, after the event, for risky behaviour.
Some of them bought credit-default swaps that, they believed, provided insurance in the event of a Greek default.
Mr. Bush's lawyers took out a form of legal insurance in the event that Judge Sauls ruled against them.
He also took the opportunity to condemn "no win, no fee" legal arrangements and "after the event" insurance.
They hope their new allegiance will prove to be insurance in the event of war, although there is no clear guarantee.
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