Tag Archive for United States Insurance Companies

United States Insurance Companies Seeking Justice Against Saudia Arabia & Bin Laden Family Companies

Some insurance companies in the United States are pursuing lawsuits against entities in Saudia Arabia and Bin Laden family controlled companies due to the attacks in the United States that took place on September 11th. The Justice Against Terrorism Act (JASTA) passed in 2016, allowed for this kind of litigation to take place. The insurance companies are seeking over $4 billion in damages and compensation from the defendants. The plaintiffs, who are insurance companies, paid policyholders who suffered personal, business, and property injuries due to the attacks. The direct attacks took place in New York, Pennsylvania, and Washington DC. Of course, there were lingering effects people dealt with that insurance companies ended having to cover.

JASTA was a highly contentious piece of legislation that was debated among the legislators, lobbyists, and advocates on both sides. Some critics of the bill argued that national security was at risk should it pass. They said it would leave U.S. military forces open to litigation from foreign citizens and foreign entities. Supporters of the bill argued that the scope was narrow enough in that they were targeting companies and entities that had something or allowed certain transactions which led to the September 11th attacks. The legislation passed and President Obama vetoed it. Congress then overturned it. The bill became law. While there are plans for the families of the victims to pursue litigation, this lawsuit by the insurance companies is the first since JASTA passed. Osama Bin Laden and his Al Qaeda network were behind the September 11th attacks and many of the effected entities are trying to hold his family responsible. They accuse them of facilitating and helping Osama while he was plotting against the United States. So that is why they are going after the Bin Laden family companies.