WTC verzekert het Fonds een Giftige $350M `blundert' maakt

NY Post

De stad-looppas heeft $1 miljard fonds voor eisen door zieke 9/11 antwoordapparaten „zich“ door om minstens $350 miljoen in dekking, advocatenlast er niet in te slagen omhoog te sluiten verknoeid.

Gevangen Co. van de Verzekering WTC, dat door het beleid Bloomberg wordt geleid, slaagde er niet in om verzekeraars voor Grond Nul onmiddellijk op de hoogte te brengen van de stad contractanten dat zij op de haak voor eisen zouden kunnen zijn, beweren de advocaten.

Dozens die verzekeraars zeggen nu het bericht te laat voor hen kwam om polissen voor miljoenen dollars in dekking voor verwonde arbeiders te eren.

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.

Comment on 'WTC Insure Fund Makes A Toxic $350M ‘Blunder’' :

RSS TrackBack URL

Related News: