|
|
Translate:
              WTC Insure Fund Makes A Toxic $350M ‘Blunder’
Monday, August 13th, 2007
The city-run $1 billion fund for claims by sick 9/11 responders has “screwed up” by failing to lock up at least $350 million in coverage, lawyers charge. The WTC Captive Insurance Co., run by the Bloomberg administration, failed to promptly notify insurers for the city’s Ground Zero contractors that they could be on the hook for claims, the lawyers allege. Dozens of those insurers now say notice came too late for them to honor policies for millions of dollars in coverage for injured workers. The city may have now blown its chance to collect some $350 million in primary coverage for 9/11 workers with respiratory illness, cancer and other diseases from toxic exposure. “Their failure jeopardizes the ability to get the full compensation available for these heroes,” said Paul Napoli, a lawyer for 10,000 cops, firefighters and other workers. “What a screw-up,” said Napoli. “It’s a major goof.” Napoli has written to attorneys for the Captive, which manages $1 billion in 9/11 aid funded by Congress, threatening to sue them for malpractice. “We believe that both you and the Captive . . . are potentially liable for the amount of lost coverage,” Napoli wrote. The Captive lawyers should have coordinated the notification of all insurance companies, he said. Many of those companies say they got first notice only recently - some as late as last month - years after the first lawsuits were filed. James Tyrrell, of Patton Boggs, a law firm that has collected millions in fees from the federal fund, denied any missteps. In a statement to The Post, Tyrrell said that while his firm defends the contractors, it has no responsibility to notify their insurance companies. But David Worby, a lawyer for the workers, charged Tyrrell is not doing his job: “His responsibility is to get as much insurance coverage as possible and to compensate the victims.” The Captive recently sued several insurance giants, including Liberty Mutual and Lloyd’s of London, for refusing to honor policies or to pay to defend more than 8,000 suits, forcing the Captive to spend millions more in taxpayer funds. Sen. Patrick Leahy (D-Vt.), chairman of the Judiciary Committee, and ranking member Sen. Arlen Specter (R-Pa.), have threatened to hold hearings on the Captive. Have Your Say: WTC Insure Fund Makes A Toxic $350M ‘Blunder’ Please read our posting guidelines before posting. Alternatively you can discuss this report here. Related News
|
At what point does it become genocide? Last post by Unregistered @ 11:47 PM Go to Forum
| Latest Topics
This Looks Like the Start of a Second Great Depression Last post by Victor @ 11:39 PM Israel orders brief halt, then Gaza fight resumes Last post by Victor @ 11:36 PM 9/11 Truther To be Added To UN Terrorist List? Last post by TEC3009 @ 11:02 PM Just another Stupid Conspiricy theory. Last post by TEC3009 @ 11:01 PM Thanks Guys Last post by Mick @ 09:42 PM Gaza protest hit with ban (That's what they think, eh, boys n girls)? Last post by Unregistered @ 08:37 PM 2012: Happy Hour with Mark McKay 3.1 Last post by ZingPao @ 06:32 PM We have the power Last post by Thinking Man's Idiot @ 06:24 PM Bush rewards his hired guns Last post by Thinking Man's Idiot @ 05:19 PM  Email This Page To A Friend Latest Headlines
More World News  Archive
|
TOP NEWS DISCUSSIONS |
LATEST NEWS DISCUSSIONS |
|
|
Why You Should Delete Your MySpace Account Rallies to protest Gaza bombing Private firm may track all email and calls An Israeli War Crimes Tribunal |
Holly commented on: Rallies to protest Gaza bombing Peter - you are an individual who has obviously suffered from a brutal loveless upbringing. You have the same... Continue Reading & Reply Dan Dare commented on: The Qassam rockets myths Phil (Jan 5th, 2009 at 12:08 am) wrote: “in the military here in the United States we are taught be sure of... Continue Reading & Reply Dan Dare commented on: Private firm may track all email and calls JacquiBoot Smith is a Nazi Bitch who wants to lock everything down under a risk aversive,... Continue Reading & Reply Andrew David Taylor commented on: Anthrax Coverup: A Government Insider Speaks Out To. Congressman Bob Goodlatte From: Andrew David Taylor, 789 North Augusta... Continue Reading & Reply |
|
The views expressed in the RINF news wire and newsletter are the sole responsibility of the author (s) and do not necessarily reflect the views of the webmaster. RINF.COM: Breaking News & Alternative Media is Copyleft - Copy & Distribute Freely. News Forum |
Loading ...
