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