Monday, May 09, 2005
 John-Paul Leonard via 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, is reproduced below [...]
The managing and supervisory boards have taken a passive attitude toward the insurance claims and the suspicious aspects of the WTC insurance loss.
The investigation of insurance losses and insurance damage claims against the Company is naturally one of the chief duties of the management of every insurance firm.
The WTC catastrophe was doubtless one of the biggest insurance incidents in history. A significant portion of the multi-billion dollar loss is expected to be borne by Allianz.
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Two German-American writers, Jim Hoffman (www.wtc7.net) and Eric Hufschmid, have contibuted greatly to the theory of the dynamiting of the Twin Towers and Building WTC-7. Hufschmid’s work was translated and published in German (www.painfulquestions.de). They claim that never in history has the structure of a steel building ever been destroyed by fire, and that on the contrary, the evidence points to a controlled demolition. I could find no evidence to gainsay their thesis anywhere.
WTC-7, as is well-known, was never struck by airplanes, and photographs of it show only insignificant fires... Nevertheless, the 47-story building at WTC 7 suddenly collapsed at around 17:28 on 9/11/2001. This fact was not even mentioned in the report of the official 9/11 commission...
How can an insurer take such an extreme case simply and casually as business as usual?
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