One Month In, Feinberg Touts Progress of Oil Spill Claims Process
After one month of distributing compensation to victims of the Gulf oil spill, Kenneth Feinberg, the independent administrator of BP’s $20 billion claims fund, has doled out nearly $350 million to 26,448 claimants.
But documentation continue to be an issue that is holding back many claims. According to a statement from Feinberg’s office, about 24,000 claimants have insufficient or no documentation.
In the statement, Feinberg said:
In just four short weeks, we have paid out almost as much money to the people in the Gulf as BP paid out in four months. We have staff working 24 hours a day, seven days a week, in three shifts, pouring over claimants’ documents and cutting checks to those who can prove economic loss. We are making every effort to process claims on an accelerated basis. We are reviewing 1,500 claims per day with varying degrees of complexity. This is only the beginning.
The back patting comes as many in the Gulf have criticized what they see as a disorganized and too-slow process. It will be interesting to see how soon Feinberg gets push-back on his comments.