Liability Risk and Insurance
First family to accept federal com-pensation
The unnamed family of a financial services worker in his 20s has accepted US$1.4mn from the federal Victim Compensation Fund.
This was calculated taking account of his earning potential based on his salary of US$60,000 a year at time of death. The
resultant US$1.19mn award for lost economic potential and the family’s pain and suffering was reduced by US$150,000 to take
account of life insurance and workers compensation benefits.