Private company

World Trade Center Captive Insurance Company

American government-run insurance company

The World Trade Center Captive Insurance Company was created by New York City with funding from the US Federal Emergency Management Agency (FEMA) in July 2004, as directed by Public Law 108-7. The law provides up to $1 billion to create an insurance company to cover the risks assumed by the city and its contractors working without commercial insurance coverage, in claims resulting from work done subsequent to the September 11 attacks.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

The World Trade Center Captive Insurance Company was created by New York City with funding from the US Federal Emergency Management Agency (FEMA) in July 2004, as directed by Public Law 108-7. The law provides up to $1 billion to create an insurance company to cover the risks assumed by the city and its contractors working without commercial insurance coverage, in claims resulting from work done subsequent to the September 11 attacks.2

Sources

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