2 Firms to Pay for Lost 9/11 Airport Revenue
From Times Staff and Wire Reports
Two insurance companies have agreed to pay $5.9 mil- lion for revenue lost after the city closed two airports after the Sept. 11, 2001, terrorist attacks.
The city sued the companies in June 2003 after they denied a claim for lost parking and concession revenue, rent and passenger fees from Los Angeles and Ontario international airports, portions of which were closed for about six weeks.
The payout is among the largest of its kind to an American airport.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.