oil spill compensation claims News

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Gulf Coast Claims Facility Opens for Business

(Aug. 23) -- The Gulf Coast Claims Facility is open for business as of this morning. Independent administrator Ken Feinberg is manning the cash register, ready to hand out money from BP's $20 billion oil spill compensation fund to individuals and businesses that were hurt by the spill. Those who want to file a claim can...

Why Are Realtors Getting Their Own $60 Million Oil Spill Compensation Side Fund?

(Aug. 20) -- In its comprehensive story on the new Gulf Coast Claims Facility, which on Monday will begin processing claims for the BP oil compensation fund under Ken Feinberg, the New York Times included a short paragraph about a $60 million slice of the $20 billion fund being set aside for the compensation of gulf state...

New Gulf Coast Claims Facility to Open: 8 Biggest Questions Answered

(Aug. 20) -- On Aug. 23, Ken Feinberg, the administrator of the $20 billion Gulf Coast compensation fund, will take control of the claims process for those affected by the BP oil spill. Until now, BP has been handling the hundreds of thousands of claims that have already been entered, with many complaining that their...

BP Sends Claimants Letters With No Checks Inside

(Aug. 18) -- "By cashing this check," the letter said, "you acknowledge that BP has paid this amount as compensation for your claimed losses." Which Wayne Riser would have done -- his fiberglass boat repair and painting business in Orange County, Ala., hasn't seen many customers since the BP oil spill shut down much of...