Claims Process Fact Sheet for Individuals and Businesses 0
Posted on
September 07, 2010 by
bp complaints
Restuccia on the Gulf Oil Spill and Claims Process – The Washington Independent 0
Posted on
September 07, 2010 by
bp complaints
|
Restuccia on the Gulf Oil Spill and Claims Process
The Washington Independent By TWI 9/7/10 12:03 PM If you can't get enough of Andrew Restuccia's coverage of the Gulf oil spill and claims process, check out these recent radio … |
NMMA seeks guidance on Gulf oil spill claims process – Trade Only Today 0
Posted on
August 31, 2010 by
bp complaints
 al.com (blog) |
NMMA seeks guidance on Gulf oil spill claims process
Trade Only Today … and processing of claims from the oil spill. The NMMA said it anticipates that the Gulf Coast Claims Facility, which was officially up and running Aug. … One More Interesting Oil Spill Claims Statistic USA. NMMA update: Gulf Coast Claims Facility 1900 checks, or about million, paid by new oil spill claims operation |
Feinberg ready to take over claims process – WWL First News 0
Posted on
August 18, 2010 by
bp complaints
 CBC.ca |
Feinberg ready to take over claims process
WWL First News BP says it's paid out over 0 million in damage claims from the Gulf Oil disaster. However, starting next week, a new independent administrator takes over … BP to stop handling most Gulf claims BP to Transfer Claims to Independent Facility BP To Transfer Most Gulf Oil Claims To GCCF |
BP’s claims’ process expected to be revamped within two weeks – Palm Beach Post 0
Posted on
August 11, 2010 by
bp complaints
 Kansas City Star |
BP's claims' process expected to be revamped within two weeks
Palm Beach Post In contrast, people whose businesses took an economic nosedive after the oil spill and are now having trouble getting loans likely won't receive … Feinberg Explains Oil Spill Compensation as He Prepares to Take Over Oil Spill: Joint Investigation of BP Claims Feinberg pushes BP compensation instead of suit |
BP/Deepwater Horizon Oil Spill Claims Process – InjuryBoard.com (blog) 2
Posted on
August 04, 2010 by
bp complaints
 WKRG-TV |
BP/Deepwater Horizon Oil Spill Claims Process
InjuryBoard.com (blog) On April 20, 2010 the offshore drilling vessel Deepwater Horizon experienced an explosion and fire that ultimately resulted in the rig sinking in … Oil spill roundup: Wed., Aug. 4 Indirect economic damages from Gulf of Mexico oil spill can be hard to define |
Allen: BP well-killing process starts in a week – The Associated Press 0
Posted on
July 26, 2010 by
bp complaints
 Boston Globe |
Allen: BP well-killing process starts in a week
The Associated Press NEW ORLEANS (AP) — Tony Hayward, who became the face of BP's flailing efforts to contain the massive Gulf oil spill, will step down as chief executive in … 2010 gulf of mexico oil spill Ongoing Administration-Wide Response to the Deepwater BP Oil Spill, July 25, 2010 Aug. 7 could be beginning of the end for BP well |
A New Process and a New Escrow Account for Gulf Oil Spill Claims from BP 0
Posted on
June 17, 2010 by
bp complaints
Yesterday the President, Vice President, and others met with BP executives to ensure that families and businesses in the Gulf Region are not shortchanged for their losses due to the devastating oil spill off their coast. A key agreement from the meeting was on the establishment of an independently-run account holding about billion that would handle claims by residents, providing "substantial assurance that the claims people and businesses have will be honored" as the President put it. Unfortunately, some in Congress have attacked this common sense step, including Congressman Joe Barton who called the agreement "shameful" and a "tragedy," and apologized to BP for it during a Congressional hearing today. White House Press Secretary Robert Gibbs responded:
What is shameful is that Joe Barton seems to have more concern for big corporations that caused this disaster than the fishermen, small business owners and communities whose lives have been devastated by the destruction. Congressman Barton may think that a fund to compensate these Americans is a ‘tragedy’, but most Americans know that the real tragedy is what the men and women of the Gulf Coast are going through right now. Members from both parties should repudiate his comments.
Indeed, the new account and the new process will of tremendous benefit to the people of the Gulf Coast, who certainly are the focus of concern at the White House — the fact sheet below issued yesterday lays out the specifics:
FACT SHEET: Claims and Escrow
INDEPENDENT CLAIMS FACILITY
A new, independent claims process will be created with the mandate to be fairer, faster, and more transparent in paying damage claims by individuals and businesses.
To assure independence, Kenneth Feinberg, who previously administered the September 11th Victim Compensation Fund, will serve as the independent claims administrator.
The facility will develop standards for recoverable claims that will be published.
A panel of three judges will be available to hear appeals of the administrator’s decisions.
The facility is designed for claims of individuals and businesses who have been harmed by the oil spill; local, state, tribal, and federal government claims will continue to be handled directly by BP.
The facility will decide all claims as expeditiously as possible, and in any event within the existing statutory timeframe.
Dissatisfied claimants maintain all current rights under law, including the right to go to court or to the Oil Spill Liability Trust Fund.
Decisions under current law by the independent claims facility shall be binding on BP.
All claims adjudicated under this facility have access to the escrow account for payment.
ESCROW ACCOUNT
BP has agreed to contribute billion over a four-year period at a rate of billion per year, including billion within 2010. BP will provide assurance for these commitments by setting aside billion in U.S. assets.
BP has reaffirmed its commitment to pay all removal costs and damages that it owes as a responsible party. It will not assert any liability cap under OPA to avoid liability.
The creation of the escrow account will provide assurance to the public that funds will be available to compensate the injured.
This account is neither a floor nor a ceiling on liability.
The escrow account is to be used to pay claims adjudicated by the independent claims facility, as well as judgments and settlements, natural resource damage costs, and state and local response costs.
VOLUNTARY CONTRIBUTION FOR RIG WORKERS
BP will contribute to a foundation 0 million to support unemployed oil rig workers.
The Administration’s May legislative proposal would create a new program of unemployment assistance, modeled after the Disaster Unemployment Assistance Program, to provide benefits to workers who lose their jobs as a result of a spill of national significance.
ENVIRONMENTAL AND HEALTH MONITORING
BP has previously committed 0 million for the ten-year Gulf of Mexico Research Initiative to improve understanding of the impacts of and ways to mitigate oil and gas pollution.
As a part of this initiative, BP will work with governors, and state and local environmental and health authorities to design the long-term monitoring program to assure the environmental and public health of the Gulf Region.
DSS Secretary Requests Details of Changes to BP Claims Process President Obama Announced in Last Night’s Address to the Nation 0
Posted on
June 16, 2010 by
bp complaints
Under Pressure From Government, BP To Accelerate Claims Process 0
Posted on
June 16, 2010 by
bp complaints
Under Pressure From Government, BP To Accelerate Claims Process
Under Pressure From Government, BP To Accelerate Claims Process
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