Kenneth Roy FeinbergKenneth FeinbergBornKenneth Roy Feinberg October 23, 1945 Brockton, Massachusetts, U.S.OccupationAttorneyKnown forSpecial Master, September 11th Victim Compensation Fund Special Master for Executive CompensationSpouse(s)Diane Shaff (3 children)1 more row
At the end of the process $7 billion was awarded to 97% of the families.
To calculate economic loss, the VCF must first determine whether there is in fact a compensable loss. There are three types of economic loss: loss of earnings/benefits, out-of-pocket medical expenses, and replacement services loss.
The September 11 attacks in 2001 were followed by initial shocks causing global stock markets to drop sharply. The attacks themselves resulted in approximately $40 billion in insurance losses, making it one of the largest insured events ever.
In claims that are approved for expedited processing, assuming all required documents have been submitted, the VCF can often process the claim, issue the award, and process the payment in as little as 3-4 weeks.
Death claims averaged a compensation amount of $2,082,128. The lowest compensation amount was $87.02. Since this period, Gregory Cannata & Associates has recovered over $300 million for individuals with 9/11 related cancer or illness.Jan 10, 2022
How do I check the status of my claim? If you have questions at any time about the status of your claim, you can call the VCF toll-free Helpline at 1-855-885-1555 or log onto the online system and check your claim status.
Within the Act, damages for non-economic loss are determined in accordance with a table that compares a person's injuries against that of a most extreme case. A person is then awarded a sum based on a proportion of the maximum amount.Oct 29, 2018