rssLandrieu: Feinberg Will Improve BP Claims Process
Wednesday, July 14, 2010 at 12:53 pm
- 11 Comments
In an interview with TWI yesterday at the Capitol, Sen. Mary Landrieu (D-La.) said she is confident that Kenneth Feinberg, who has been charged by the White House with overseeing claims from the BP oil spill, will make the process more efficient in the coming weeks.
Landrieu said it will take a couple more weeks for Feinberg, who is overseeing BP’s $20 billion escrow fund to compensate victims of the spill, to “get control of the BP claims process.” But she said, “He’s taking it over as is, all of their offices, all of their personnel and then wrapping it up into his own system.”
“Feinberg I think has a very positive attitude, he’s got a great outreach program under way,” Landrieu added. “He’s traveling the Gulf Coast with a variety of different elected officials and leaders from senators to governors to community leaders. That’s very positive. He’s very open about the fact that his process will be quicker and more efficient than battling it out in the court rooms, and we’re hoping that $20 billion will start to flow immediately.”
According to BP’s website, the company has paid out a total of $183 million to victims of the spill. Of the 110,000 claims that have been made, 42,000 have not yet provided the necessary documentation to substantiate the claim. In addition, 13,700 claims have “contact difficulties” and therefore have not been approved.
Landrieu downplayed the numbers, saying that claims must be substantiated before money can be paid out. “Unless you have proper identification, proper contact information, you can’t expect a claim to be paid. And you’ve got to have some documentation that you’ve had a loss of income. Feinberg has been charged with being generous, but he’s not able to give out money that’s not due,” she said.
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Comment posted July 28, 2010 @ 8:15 pm
I am scared. We were setup to fund on our project June first after five years of raising funds. As of May first our investors started pulling out. Both I and my partner had three hundred and fifty thousand of our own money invested. We are two payments behind on our cars and homes as we planned to get on our feet once we funded. We planned to employ over two hundred people in the New Orleans area and over forty businesses. We are devestated and just pray Feinberg can save our project by allowing us our claim and if he does not those two hundred employees and several area businesses will cut lose on BP. They cannot sue as we ourselves are victims. What a mess. All we can do is pray that Feinbergs process is substantial. All we can do is pray.
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Comment posted September 6, 2010 @ 11:57 pm
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