Also means
to indemnify
Usage Note
Risarcire means to provide legal or financial redress for harm — risarcire i danni (to pay damages) is the standard phrase. It takes avere as its auxiliary: ha risarcito le vittime ('he compensated the victims'). The noun is risarcimento (compensation, damages). It is more legally precise than compensare, which can also mean simply to offset or balance something.
Examples
"L'assicurazione ha risarcito i danni."
Natural Translation
The insurance compensated for the damages.
Literal Translation
The-insurance has compensated the damages

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