The German banking conglomerate is suing Allianz Insurance Co.,Axa Corporate Solutions Insurance Co. and Axa Global Risks USInsurance Co., which provided 50% of the building's insurancecoverage. Earlier this year, Deutsche reached an out-of-courtsettlement with the building's two other insurers, Chubb Corp. andZurich Financial Services.

The suit requests declaratory judgment from the court that it isnot reasonably feasible to repair the building and that Allianz andAxa are obligated to cover their portion of the costs associatedwith replacing the building, including the cost of a safe andenvironmentally-responsible demolition of the building. Allianz didnot respond to e-mails and AXA was unavailable to comment.

This is added to the list of the numerous legal actionsassociated with the rebuilding of the Ground Zero site. SilversteinProperties filed suit against Industrial Risk Insurers, theConnecticut-based insurance unit of General Electric, to compel IRIto fully satisfy its obligation to pay for the reconstruction of 7World Trade Center. That suit was filed as a claim in a pendingsuit that brought by a former tenant of 7 World Trade Centeragainst IRI. At the end of July, oral arguments were heard beforethe United States Court of Appeals for the Second Circuit onSilverstein's appeal from a ruling that a jury would have to decidewhether the deliberate crashes of two planes into the Twin Towersconstitute one or two "occurrences" for purposes of the $3.55billion "per occurrence" insurance policy on portions of thecomplex. A decision has not yet been issued on that appeal.