August 23rd, 2010
02:08 PM ET

Independent agency takes over Gulf claims payments

The Gulf Coast Claims Facility "is fully functioning and will begin to process claims for emergency payment," according to a Monday press
release.

The independent agency, headed by attorney Kenneth Feinberg - who
handled the 9/11 victims' compensation fund - was established in June as part of an agreement between the Obama administration and BP to facilitate processing of the personal and business claims from those affected by the Gulf oil disaster stemming from the Deepwater Horizon explosion on April 20.

BP said last week that it was no longer accepting claims as the
transition to the new entity was taking place. The oil giant, which said it has paid hundreds of millions of dollars in claims so far, will continue to handle claims put in by government entities.

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Filed under: BP • Gulf Coast Oil Spill
soundoff (2 Responses)
  1. bunie

    And this won't be good enough either! Feinberg isn't going to hand money over to people who can't prove their loss, if it doesn't involve a total monetary handout amounting to whatever theses folks claim without having to prove it, they're not going to be happy.

    August 23, 2010 at 5:07 pm | Report abuse |
  2. Peggy

    This process is worse than the BP claims. I have a small cleaning business on the Gulf Coast and have lost money due to tourist canceling their trips to Florida Gulf Coast. I submitted my claim on August 3rd and it was put on hold until the 23rd. I resubmitted my claim and was told it would be a week. Here it is the 30th and still no check. This business is my life and sole support of my family. They have put aside money for the real estate agents that would normally not be able to file a claim but have a problem paying the people that have a legitimate claim. When I called the Claim Center this morning I was told that I would just have to wait and that I misunderstood what I read and what I was told.

    August 30, 2010 at 11:56 am | Report abuse |