Wednesday, August 11, 2010

Fienberg promises generous claims process

On Tuesday, August 10, U.S. Senator Bill Nelson hosted an information session at the Florida State University Panama City Campus with BP Oil Spill Pay Czar Kenneth Fienberg.

Fienberg appointed by the Obama administration to oversee the $20 billion fund established by BP told the crowded auditorium that beginning August 23, that he will take over the BP claims process for individuals and businesses impacted by the oil spill.

Fienberg stressed that his new Gulf Coast Claims Facility with be independent of both BP and the Federal government, answering only to the people living along the Gulf and replacing the current claims process.

From the onset, BP received criticism for dragging out and stalling payments to those most affected by the spill.

However, beginning with the August 23 takeover, Fienberg pledges to oversee an expedited claims process. His Gulf Coast Claims Facility will process within 24-hours wage and small business claims and complex business claims without collaborating proof within 7-days.

For the time being the thirty-five claim centers established by BP will remain open and active, but under Fienberg’s control and there will be a new website created for those wishing to file their claim online.

In addition, to avoid the need to go back month-to-month, those that are eligible and can prove their claims will receive 6-months emergency payments without any other obligation. However, those seeking a lump sum payment for anticipated future losses, will be required to waive their right to bring ligation against BP.

Fienberg also debunked the rumor that communities had to have oil on their beaches to be eligible to receive compensation from the fund.

He further stressed that participation in the program is strictly voluntary and encouraged those wishing to file directly with BP and those wishing to pursue litigation to do so.

However, he cautioned that his program would be more generous and easier than going through BP or filing a lawsuit.

Toward the end, Nelson informed the crowd that he was in the process of encouraging the Obama administration to bring local government claims under the control of Fienberg.

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