BP Claims the Tragic Truth The BP Claims process was better handled by BP then the Gulf Coast Claims Facility. When BP decided to make things right for the business and individuals affected by the BP Oil Spill, they utilized the Emergency Advanced Payment system. Commonly referred to as EAP`s people scrambled to receive EAP`s from BP and many were paid. Though the EAP system was far from perfect, and many got left on the sidelines, many were indeed paid. Then the reigns of the BP Claims payment system were handed off to Ken Feinberg on November 23rd 2010. Interim payments were suppose to come from the Gulf Coast Claims Facility first. Those economically injured by the Oil Spill were filing their Interim BP Claims and Final BP Claims with the GCCF and through Attorneys. The fact is they were not paid for several months and then it was only a trickle of claims getting paid. Ken Feinberg … [Read more...]
BP Claims may settle out for 30 Billion Quickly
BP insider says BP about to pay 30 Billion to settle BP Claims BP Claims News: A BP insider reported to Reuters that BP may want to settle many its BP claims after the February trial date. The trial would solidify who was at fault for the Macondo well blow out. A recent report that was finished this week, put the blame squarely on BP`s shoulders. Halliburton and Transocean did share some of the responsibility, but due to the lack of oversight, cutting corners, and not releasing all the information to it`s partners, BP was ultimately responsible for the Gulf Disaster. report My sources that are very involved with the litigation and the BP Claims process think that BP will make a large push to settle out as many claims as possible, before the February trial date. We are seeing BP Claims get paid at a record rate. By both Adjusters and Attorneys. Your Claims value may have jumped … [Read more...]
