World Trade Center Captive Insurance Company was created by New York City with funding from the U.S. 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
September 11 attacks
September 11 attacks
World Trade Center Captive Insurance Company