victim compensation News

Bangladesh Fire Victims’ Families Wait for Money

When fire ravaged a Bangladeshi garment factory, killing 112 workers, dozens of their families did not even have a body to bury because their loved ones’ remains were burned beyond recognition. Two months later, the same families have yet to …

Bangladesh Offers Compensation to Fire Victims

Bangladesh’s government said Saturday it will give $2,500 to the families of those who died in a garment factory fire last week and $625 to those who were injured. The government’s offer of compensation, announced to The Associated Press by …

BP Gets $4 Billion from Anadarko for Oil Spill Costs

Anadarko Petroleum Corp will pay BP Plc $4 billion toward clean-up and victim compensation for the Gulf of Mexico oil spill. The amount is less than BP might have won in court, but it softens the blow of overall spill-related …

Japan Approves Tepco Nuclear Claims Plan; Banks’ Help Eyed

Japan’s government agreed on Friday to set up a fund with taxpayer money to help Tokyo Electric Power compensate victims of the crisis at its tsunami-crippled nuclear plant and avoid financial collapse. The government will issue special-purpose bonds to help …