Just seems a little strange to me that we are asked to sign up at reddit to give up our loses, then we get an update that a portion has been send to coinium, and then reading on the forum after asking that they use it to cover their own losses.
Right, because that's still in process. It is a lengthy and labor intensive process to verify the losses, with as many forked chains as we're dealing with. Coinium was compensated by me personally, not from the insurance fund directly. I did this because Raistlin's pool balance hit zero, and it was going to affect further mining. The rest he covered out of his own personal supply. Raistlin was able to verify his loses more simply because he has access to the back end software for his pool. Work is still being done on the insurance fund, but I can assure you my coins, although listed there, do not represent any of the funds that were committed by other people.