The organization has begun the search for her successor.
WTC Captive, which was set up in New York and managed by Marsh Management Services Inc., was launched after the Sept. 11, 2001, terror attacks to provide otherwise unavailable liability coverage that included general, environmental, professional and marine liability to the city of New York and about 100 contractors who worked to clean up the site.
In a statement, Ms. LaSala said: “After nearly four years at the WTC Captive, I have concluded that this is an appropriate point to resume my retirement.”
“We have faithfully performed our mandate to protect the City and the contractors from liability in connection with their heroic efforts in the rescue, recovery and debris removal work that followed the terrorist attack on the Twin Towers of the World Trade Center on 9/11,” she continued.
“We have also communicated to the nation’s legislators, regulatory officials and the general public our strongly held view that the best way to resolve the thousands of lawsuits filed against the City and its contractors in connection with the debris removal work is not the tort system but the creation of a new, or the reopening of the old, Victim Compensation Fund. If the City and the contractors receive the necessary legal protections from current and future liability, the $1 billion FEMA grant could fund a renewed VCF,” Ms. LaSala said in the statement.