WTC Captive Insurance

CNN: 10,000 claims over 9/11 illness, injuries settled

http://www.cnn.com/2010/US/03/11/world.trade.center.suit/index.html?hpt=T1

10,000 claims over 9/11 illness, injuries settled
By Jamie Guzzardo, CNN
March 11, 2010 10:28 p.m. EST

New York (CNN) -- The WTC Captive Insurance Co. announced settlements Thursday with more than 10,000 plaintiffs who claimed sickness or injuries after the 9/11 terrorist attacks. The settlements could total up to $657 million.

WTC Captive was created with a $1 billion FEMA grant and provides insurance coverage to the City of New York and its debris-removal contractors. In the aftermath of attacks of September 11, 2001, New York was unable to get adequate amounts of liability insurance for the rescue, recovery and debris-removal work done at the World Trade Center site.