NY to Pay Out 650 Million Settlement for 9/11 Families Suffering Sickness
New York will pay out more than 650 million to compensate more than 10,000 plaintiffs who say they have been physically sick by dust at the Ground Zero site of the attacks. At least 95% of the plaintiffs must approve the deal for it to take effect. Those with physical illnesses that have not been confirmed by doctors would collect $3,200 which is the minimum payment. At this point, New York refuses to compensate those who are suffering horrendous stress related and other psychological problems.
In addition, some people will get an insurance policy to cover Ground Zero-related illnesses that have not yet developed yet.
These payouts would come from the WTC Captive Insurance Co., a nonprofit controlled by Mayor Bloomberg that manages $1 billion provided by Congress. The approximately $350 million left after the $657 million is paid would be held to pay those whose diseases develop later. The deal is a major breakthrough in the complex legal wrangling that has been going on since 2004.
The money would come from a federally financed insurance fund of almost $1billion that the city controls. The toxic cloud from the collapsed World Trade Center towers contained particles of asbestos, lead, glass and cement.
Jennifer McNamara, husband who was a firefighter, John, died of cancer in August. She said she would have to learn more about the terms before deciding on her vote. "No amount of money is going to compensate me for what I've been through, and no amount of money is going to bring my husband back," said McNamara.
"My hope would be that the settlements would help people who are still alive and need the money to survive," said McNamara, whose son, Jack, just turned 3. John McNamara, of Ladder Co. 123 in Crown Heights, Brooklyn, spent 500 hours in the rubble searching for fallen comrades.
"I think its shameful that it took this many years, until the eve of the first trials, before they were willing to have this kind of discussion," she said. A disabled 9/11 responder, ex-NYPD cop Christopher Baumann, also had mixed feelings. "You know how many people have died waiting? There are people not taking the proper medication because they can't afford it," he said.
It’s been nine long years since the 911 attacks and New York has finally agreed to pay out over 650 million dollars due to health issues.