NYC Agrees to $657 Million Settlement For WTC Rescue Worker Suits

According to The New York Times, the Ground Zero injury settlement was announced yesterday by WTC Captive Insurance Company.  The Captive Insurance Company an entity created with a $1 billion federal grant that provides insurance coverage to the City of New York and its debris-removal contractors.  The Ground Zero injury settlment agreement in the sum of 657.5 million dollars is scheduled to be presented to Southern District Court Judge Alvin Hellerstein in Manhattan today for approval.  According to Associated Press reports, Judge Hellerstein has said that he favored a settlement, but planned to analyze it carefully to make certain that is fair. 

I believe that it goes without saying that the settlement must be fair and equitable before the Court issues an Order approving the terms.