Lessee Puts Tower Losses at $8.2 Billion

The company that held the lease for the World Trade Center estimates its losses at $8.2 billion from the terrorist attacks.

Silverstein Properties had previously estimated the losses at $6.5 billion but adjusted it to show tenant-improvement costs and depreciation estimates.

The figure includes a $2.5-billion estimate of interrupted business losses from the attacks and a $5.7-billion loss for the twin skyscrapers and adjacent buildings destroyed on Sept. 11.

Swiss Reinsurance Co., the company responsible for 22% of the coverage under the trade center’s policy, said Saturday that Silverstein cannot recover more than $3.5 billion for the losses.

The company is one of more than 20 insurers fighting Silverstein’s claim that the terrorist attacks were two separate incidents, meaning Silverstein would receive two payouts of $3.5 billion each.