New York City officials have agreed to pay up to $657.5m (£437m) to thousands of rescue and clean-up workers at the Ground Zero site of the 9/11 attacks.
By early 2008, according to government documents, nearly 10,000 law suits had been filed against the insurance company.
In a statement, New York Mayor Michael Bloomberg called the settlement “a fair and reasonable resolution to a complex set of circumstances”.
It is thought that the long courts battle has depleted the $1bn fund created by Congress to help insure the city, with the legal bill so far running to more than $200m.
More here.
Is $67,000 per person enough to cover their health care and loss of earnings? I doubt it…
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