American Morning

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September 9th, 2011
11:44 AM ET

How do you put a price on a life? 9/11 fund administrator explains

Eleven days after the September 11th attacks, Congress created a $7 billion fund to compensate 5,562 family members of those who were killed. The payment for death claims averaged $2,083,000 for families, while compensation for injury claims averaged $400,000.

Families who took money from the fund had to sign a waiver that limited their legal recourse against the airline industry by preventing them from suing the airlines for negligence.

The fund closed in 2003, but President Obama reactivated it earlier this year in response to new concerns that exposure to toxins at Ground Zero have caused the deaths or illnesses of 9/11 victims, and in particular, first responders.

Lawyer Kenneth Feinberg was appointed as special master of the September 11th Victim Compensation Fund. He joins Carol Costello on American Morning today to explain what it was like to work for the fund.


Filed under: 9/11
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