Fed to investigate WTC captive
– 7 December 2007
Federal officials have announced that they are to investigate why the $1 billion 9/11 captive insurance fund created by Congress to cover claims of sick ‘ground zero’ workers is fighting the cases in court rather than distributing money.
The World Trade Center Captive Insurance Company has come under increasing scrutiny from Congress and the federal government, as approximately 8,000 individual claims await judgment in the federal court system.
The inspector general for the Homeland Security department indicated that he intends to examine the issue. In a report to Congress, he said that his inquiry will determine why the insurance company has chosen to litigate all claims instead of settling whenever possible.
The review will also determine what procedures have been established to receive, review and pay medical, hospital, surgical and disability benefits to injured persons, as well as benefits to the relatives of those workers who have died.
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