That's what happens when you live in a company, not a country.
As compared to your implied view where any amount of money can appear from thin air, and law should be dictated exclusively by feelings?
It's an economic measure for what should be an economic question. Taking the statistical value of a human life as a baseline feels pretty fair, and adjusting it upwards for special circumstances seems reasonable.
Are you arguing that because she was a nice person, she should be worth more? If she was a mean person, should she be worth less?
Why do you discount “pain and suffering” entirely?