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Gulf oil spill claims

Feinberg | Oil Spill Claims | More About the $20 Billion BP Claims Fund

by Michael J. Evans on July 1, 2010

in Oil Spill Claims

[Update 8-21-2010] The most current information on this topic as of 8-21-2010 can be found at:

[Update 8-3-2010.] Kenneth Feinberg, administrator of the $20 billion BP claims fund, is expected to begin processing claims August 23, 2010. Pro Publica reported today that BP has stopped processing some claims, leaving them to be handled by Feinberg’s office. [End update.]

BP Claims Fund Administrator Feinberg: Some People Won’t Be Paid

Information about the $20 billion BP claims fund has been leaking out each day since the it was announced, but what do you need to know if you have lost money due to the Deepwater Horizon disaster? The flow of information about the escrow fund has been much slower than the oil gushing from the Deepwater Horizon oil leak. In fact, it’s still hard to get a handle on exactly which losses will be paid, and how much people can expect to receive. Although Kenneth Feinberg, the new BP claims administrator, has been holding meetings to explain the new process, information has sometimes seemed to change from one meeting to another.

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