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Old 05-23-2005, 07:03 AM
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Yeoshua Yeoshua is offline
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Default Insurance Refuse Payout on WTC 7


Major WTC Insurance Company Questions Building 7 Collapse As Potential Fraud
Author: Tecnos
Date: 05-##-05 ##:##


A proposal by a small shareholder to withhold approval from the Board of Directors for failure to investigate signs of insurance fraud on 9/11 has been published on the website of the Allianz Group, one of the world’s largest insurers, in preparation for its May 4th annual meeting.

Shareholder Proposal: Insurer to Investigate 9/11

A proposal by a small shareholder to withhold approval from the Board of Directors for failure to investigate signs of insurance fraud on 9/11 has been published on the website of the Allianz Group, one of the world’s largest insurers, in preparation for its May 4th annual meeting.

(PRWEB) May 2, 2005 -- Allianz Group published a shareholder proposal on April 20th faulting management for ignoring signs of insurance fraud on 9/11/2001. Allianz carried a significant portion of the insurance coverage on the WTC, and stands to pay a corresponding portion of the $3.5 billion payout currently being litigated in New York. In his proposal, shareholder John Leonard, a California native and a publisher of books on 9/11, pointed to reports that building WTC 7 apparently collapsed by demolition, and for no plausible reason related to the 9/11 attacks. Management replied that it relied on official US government reports which made no mention of such evidence.

The Allianz Group is incorporated in Germany and has approximately 570,000 shareholders. Under German Stock Companies law, publicly held companies are required to publish shareholder proposals that meet certain criteria.

The text of the shareholder proposal, which may also be viewed at the Allianz website, http://www.allianzgroup.com/azgrp/dp/cda/0,,100646-49,00.html, is reproduced below.

+++

Countermotion (Shareholder Proposal) to the General Meeting of Allianz AG to be held May 4th, 2005

From Shareholder:
John-Paul Leonard,
P.O. Box 126,
Joshua Tree, California 92252

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