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WTC Captive, NYC's Bloomberg Slapped With Lawsuit

The World Trade Center Captive Insurance Co. reasserted denials that it is misusing its funds yesterday after being hit with a multimillion-dollar lawsuit on behalf of workers injured during post-9/11

By Caroline McDonald | Updated on July 18, 2007

The World Trade Center Captive Insurance Co. reasserted denials that it is misusing its funds yesterday after being hit with a multimillion-dollar lawsuit on behalf of workers injured during post-9/11 cleanup activity at the Twin Towers.

The insurer said the captive has properly fulfilled its mission to defend the city and its contractors in the event of lawsuits stemming from the cleanup at the World Trade Center site after it was destroyed.

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