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BP Liable for Punitve Damages for BP Claims

October 3, 2011 By Leave a Comment

BP Claims Process and Punitive Damages

BP Claims Judge

BP Claims Judge

Judge Barbier ruled that under Maritime Law, business`s and individuals that were affected by the BP Oil Spill could sue BP for punitive damages. This is a major blow to BP. Punitive damages go beyond just the economic loss incurred. They are intended to punish the offender, so it doesn`t happen again. Extreme negligence will have to be proven on BP`s part. Article

How will this affect the BP Claims Process

As of now punitive damages aren`t compensated for in the Oil Spill Claims process. What is taken into consideration is Interim Claims. It has always been my position that it is best just to file BP Claims for Interim Payments, unless you really need the money, and I know many people do. Interim BP Claims allow you to sue BP at a later date, and if it looks like punitive damages are going to be awarded, you may want to reserve your right to sue BP, therefore you may not want to take a final settlement for your BP Claims.

Interim Settlements being offered for BP Claims

What we are seeing from people that have come through our site, is that many of them are receiving BP Claims Interim offers. Members of the BP Claims Team are having a very high level of success getting your claims paid. The Interim Claims are being accompanied by a Final Settlement offer, don`t take the offer if you don`t have to, as you give up the right to sue BP. The BP Claims process is evolving once again. We will Continue to keep you informed so you can make the best decision regarding your BP Claims.

BP Claims Dream Team: How it Works and How Much

All members of the BP Claims Dream Team work on a contingency basis, they don`t get paid until you do. They are all at the apex in their respective fields. They are highly respected by the Gulf Coast Claims Facility. Each member of our Team is it`s own separate entity. It is the goal of BP Claims to place you with the member of the Team that best suits your needs. We have helped over 10,000 Individuals and Business`s get the help they deserve. Over 150,000 people have gone to our website since it started in May of 2010. Members of our Team charge from 15% on up to 33.3% if you need the help of an Attorney. All fees are done on a contingency basis. When you fill out the form to the right, your information is forwarded to the member that best suits your needs on our BP Claims Team.

Filed Under: BP Claims, gccf claims Tagged With: , , , , ,

BP Claims: BP Claims the History and the Reckoning

September 29, 2011 By Leave a Comment

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 had unveiled a new BP Claims system at Christmas time called the BP Claims Quick Pay.

The GCCF uses Quick Pays to Pay BP Claims

The BP Claims process at Christmas time morphed into the the BP Claims Quick Pay system. Instead of paying Interim and final BP claims as promised the Gulf Coast Claims Facility put all of their energies behind the Quick Pay System. After not being paid for many months, some since April when the spill began, many took these Quick Pays so they could put food on the table, save the home, or the business. The fact is that the 5k offered to individuals, and the 25k for businesses offered temporary relief for many at best. Over 100,000 people took these Quick Pays and the majority regret that now.

Interim BP Claims were Shelved

BP Claims that were promised to come first , in the form of Interim Claims, were in essence shelved in favor of getting Quick Pays paid by the GCCF. In speaking with the Attorneys that we have connected with, it was not until mid March that the first Interim claims started coming in. That is 11 months from the date of the Oil Spill. How many people and businesses have a reserve of 11 months, not many. The aftermath of those decisions by the GCCF has been felt through out the Gulf. We hear daily from people who lost their business after trying their best to keep it afloat, then lost their homes and cars, and then had to move in with in-laws or friends. Many families disbanded.

GCCF and BP Claims Dirty Tricks and Stall Tactics

We are seeing a lot of BP Claims finally being made offers, many were waiting for over 6 months, until they got into Team members hands. The one thing and probably the most troubling is that there is a reoccurring pattern, they were stalled after the GCCF, letters of deficiency were often issued, some were denied, then the GCCF would offer the businesses 25k making it seem like they were doing them a favor. This has happened over and over again, and at this point it seems to be a GCCF strategy. The GCCF is still stalling claims, and recently a BP Claims Adjuster that was working with the GCCF has gone public about her experiences while working there, and yes she along with others was told to to stall BP claims.

 

BP Claims Where are we at Now

BP and the GCCF are on the ropes, after over a year since the Oil Spill the truth is coming out. Whether it was the report about BP being guilty for all of its carelessness being released last week, or the audit that is coming up for the GCCF, the news is not going to be good. The BP Claims process is coming under scrutiny, the BP Claims process needs to be righted. We have seen thousands of claims come through our sites many of them have gotten help here. The GCCF is paying BP Claims that are prepared correctly. We can help you with your BP Claims.

 

Article: BP Claims the Tragic Truth
Article Source: BP Claims
Author: William Bohack

BP Claims the Tragic Truth

Resources: Restore the Gulf; BP Business Claims; BP Claims Experts

Filed Under: BP Claims Tagged With: , , ,

BP Claims may settle out for 30 Billion Quickly

September 20, 2011 By Leave a Comment

BP insider says BP about to pay 30 Billion to settle BP Claims

BP Claims

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 exponentially

For Example: A Claim that was 7k may be worth 25k, this is because certain thresholds in the mass settlement will have to be reached. BP Claims that were 100k could conceivably go up to 300k or more. The exact formula has not yet been revealed, but sources close to the litigation, including an Attorney that we have been forwarding many of your claims to, have already uploaded all of their cases to the GCCF. Why is this happening, Punitive Damages, people and businesses that were directly affected by the Oil Spill are able to receive extra money for their losses, and this scares the heck out of BP. Hence BP is getting ready to settle now.

Why will BP try to settle its BP Claims before the February trial date.

There are multiple answers to this question.

1. The BP Claims process is about to be audited by Eric Holder at the urging of Jim Hood. In my opinion this will uncover what many of us already know. The GCCF under Feinberg was slow to pay and it preyed upon desperate people by not coming through with BP Claims interim payments in a timely manner, instead denying valid BP Claims, or giving already desperate people and Business`s Quick Pays.

In my opinion Quick Pays, having BP Claims Under review, denying valid BP Claims, where tactics that have been used as extortion to those hoping to get paid in a timely manner. I further think that though there are a lot of good people that work at the GCCF, that the top brass at the GCCF wanted to slow things down, and in fact did so. This will be revealed by the Audit, that is forthcoming and BP and the GCCF will be held accountable. Hence it pays for them to settle now before the full picture develops.

2. BP will want jurors to believe that they have indeed tried to make things right in the Gulf before the February trial date. A massive payout to claimants before the trial starts will boost the GCCF statistics and good will. The GCCF loves to point out positive statistics, the fact still remains that most of those that have been paid out have been paid out under the Quick Pay system.

3. BP needs some positive PR. The longer the events from the OIl Spill drags out, the more BP`s reputation and business practices get tarnished. If they decide to drag this out as more news comes to light surrounding how the oil spill was caused, and how people that people that were affected were largely ignored, by BP and the GCCF, it is my opinion that this could spur multiple lawsuits, mind you I am not a lawyer.

4. Mitigation, Mitigation, Mitigation, there is no good news lately for BP and they need to cut their losses, the best way for them to do so is to make some realistic offers and to get people to accept final settlements so people don`t go and sue them down the road. BP Claims punitive damages for those directly affected by the oil spill are now applicable. The forthcoming news for BP and the BP claims process is not going to be any good for BP and Gulf Coast Claims Facility.

Getting Help With your BP Claims

We have been covering the Oil Spill since it began in April, our first site was dedicated to getting people to Catholic Charities, that morphed into helping cleanup workers that were getting sick, which eventually evolved into helping people through the BP Claims process. In order to help people and business get through the BP Claims process we developed the BP Claims Dream Team. They are the best Law firms and BP Claims Adjuster firms in the country. They cover a myriad of oil spill related instances from sick and injured clean up workers to Business that had 8 figure losses. We are dedicated to you getting the help you deserve. BP Claims and Case management is done on a contingency basis, by all members of the BP Claims Dream Team. They don`t get paid until you do, and management of your case or claim starts at 15%. The Team members are getting BP Claims paid at a record pace, I expect this to go on for the next few months, but if you want to take advantage of this current trend, it is a good time to get your BP Claims paid. Please fill out the information to the right and we will begin the process.

1-800-BP-Claim your number for BP Claims

We are very thankful that a noted member of the community realized what we are up to and helped us secure the number 1-800-BP-Claim so that we could better serve you..Thanks Tony..

We will help you with your BP Claims.

 

Article Source: BP Claims
Article: BP Claims may settle out for 30 Billion Quickly
Author: BP Claims

Filed Under: News Tagged With: , , ,