The redevelopment of the World Trade Center was secured yesterday as insurers agreed a settlement of about $2bn (£1bn) relating to disputed claims arising from 9/11 attacks on the Twin Towers. The Times

Eliot Spitzer, the governor of New York State, is to end nearly six years of uncertainty with the announcement of an agreement with the site’s insurers whereby Larry Silverstein, the developer overseeing the reconstruction, would drop lawsuits in return for a payout that would enable him to carry out the planned rebuilding.

Under the new agreement, Silverstein would build three towers on the site, but would surrender control of the 1,776 ft Freedom Tower and one other tower to the Port Authority.