Due to the magnitude and urgency of the rescue and recovery efforts following the
collapse of the WTC on September 11, 2001, New York City (NYC) and its contractors
were unable to purchase sufficient liability insurance to cover claims filed by workers
at the WTC and related sites. As a result, Public Law 108-7 was enacted and directed
the Federal Emergency Management Agency (FEMA) to provide funding to an insurance
company to insure NYC and its contractors for claims arising from debris removal at
the WTC and related sites. In 2004, NYC with FEMA funding created the World Trade
Center Captive Insurance Company, also referred to as “the Captive” to resolve such claims. On January 5, 2011, the WTC Litigation Settlement approved
a mass settlement of claims filed by workers who alleged illnesses, injuries or death
from working at the WTC location and/or related sites on or after September 11, 2001.