It looks like that particular lawsuit will not be happening after all. Insurer Lloyd’s of London has filed a notice to voluntarily dismiss the federal lawsuit it filed against Saudi Arabia. Lawyers representing Lloyd’s of London are not giving any specific reasons as to why the insurer changed its mind. Earlier this month, insurer Lloyd’s of London filed a federal lawsuit against Saudi Arabia. Lloyd’s of London claimed that certain individuals, groups, and companies from Saudi Arabia “knowingly” provided materials and resources to al Qaida in the years before September 11, 2001. The lawsuit was filed at the United States … Continue reading →

The insurer Lloyd’s of London is suing Saudi Arabia for $215 million over payouts that were made due to claims regarding September 11th . The insurer says that the defendants “knowingly” provided materials and resources to al Qaida in the years before September 11, 2001. Lloyd’s of London is known for providing insurance for some unusual circumstances and situations. In other words, they are the most famous company that provides unique speciality insurance. Last year, they insured Santa Claus, with a policy that lasted until the end of December 25, 2010. They were in the news recently in regards to … Continue reading →