I continue to receive emails from Gulf Coast residents who are battling with the Gulf Coast Claims Facility for compensation for their oil spill losses. Lonnie Craft, the vice president of a boat manufacturing company in Pensacola, Fla, has been waiting since Aug. 23, more than two months after filing More…
Only about 100 or so oil spill claims had been denied as of the end of September. Given recent comments by oil spill claims administrator Kenneth Feinberg about claims’ lack of documentation, it was only a matter of time before claims started being denied en masse.
The Associated Press More…
The Securities and Exchange Commission last month warned oil spill victims who have received money under the Gulf Coast Claims Facility to beware of investment scams.
The SEC warned:
[S]cam artists may target payout recipients with oil spill-related investment opportunities that promise high returns with little or no risk,
Following up on my post yesterday on inconsistencies in the Gulf oil spill claims process, I thought I’d share this email I received from Gary Eichler, who runs a charter fishing company in Naples, Fla.
We are a charter fishing/eco-tour company in Naples, Fla. While we received four claim
Speaking before Florida’s Oil Spill Economic Recovery Task Force Thursday, oil spill claims administrator Kenneth Feinberg faced lingering questions about “unknown future” of the oil spill claims process as it prepares to enter its next stage. The deadline for filing emergency payments looms on Nov. 23.
The fund is More…
Scott Perry used to sell timeshares in Santa Rosa Beach, Fla. After the oil spill, people didn’t want to buy timeshares on the beach and his sales plummeted.
Perry was told that he was ineligible to receive compensation through the Gulf Coast Claims Facility and should seek relief from a separate pool More…
While he has said that he will consider oil spill claims regardless of geographic proximity to the spill, Kenneth Feinberg, independent administrator of the Gulf Coast Claims Facility, suggested today that it may be difficult for claimants to prove their losses if they are not near the Gulf.
“I originally More…
Kenneth Feinberg, the independent administrator of the Gulf oil spill compensation fund, questioned today whether his model used for massive compensation processes like the oil spill and Sept. 11, in which one independent administrator decides how much money victims receive, should be applied more broadly.
Speaking at the U.S. Chamber More…
I’ve reported twice now (here and here) on the issue of Gulf oil spill victims being told their claims have been expedited, or “escalated,” only to wait days and in some cases weeks without receiving compensation for the losses they incurred.
My post yesterday elicited a number of More…
On the six-month anniversary of the BP oil spill, both The Washington Post and The Wall Street Journal have stories detailing the many problems with compensating Gulf oil spill victims for their losses.
The Journal cites “rampant confusion and frustration about the payment decisions and timing of BP’s Gulf More…
rss