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The administrator of the Gulf oil spill disaster relief fund is warning the government that, while the fund has worked effectively, it should not serve as a template for future disasters. Because these funds single out a specific group of people and often provide them with enormous amounts of compensation, he fears that other deserving individuals will be left out.

Payout Funds Not the Way to Go

Payout or disaster relief funds are often used as a way to compensate individuals with or without home insurance who need to make necessary repairs to their homes or need cash for other issues that arise as a result of the disaster.

While this type of relief aid is relatively rare, the Gulf Coast Oil Spill Relief Fund was created to provide assistance to those affected by last years oil spill.

Fund administrator, Ken Feinberg, has recently announced that the payouts are flowing efficiently, but noted that the structure for compensating victims should not be repeated because it only helps a small segment of the population and often cant meet the victims needs in a timely fashion.

He went on to say that while Gulf victims received help, Hurricane Katrina victims in 2005 didnt receive a fundand neither did Oklahoma City bombing victims in 1995.

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