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9/11 captive makes $657m settlement

12 March 2010

The WTC Captive Insurance Company has announced a settlement with attorneys for more than 10,000 plaintiffs claiming injuries related to the rescue, recovery and debris removal operations following the September 11 2001 terrorist attacks.

Read more: wtc captive world trade center

The WTC Captive Insurance Company has announced a settlement with attorneys for more than 10,000 plaintiffs claiming injuries related to the rescue, recovery and debris removal operations following the September 11 2001 terrorist attacks.

"We have reached a settlement that is fair under difficult and complicated circumstances," said Christine LaSala, president of WTC Captive, in a statement. "This agreement enables workers and volunteers claiming injury from the WTC site operations to obtain compensation commensurate with the nature of their injuries and the strength of their claims, while offering added protection against possible future illness."

The settlement will pay compensation to those claims of injuries made by people...


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Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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