Insurance Journal » BP claims fund

Ruling Against BP Clears Way for Appeal of Spill Payouts

Fri, 05 Apr 2013 19:23:28 +0000

A U.S. judge’s ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico oil spill, some of which BP called …

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BP Says $332 Million in Florida Oil Spill Claims Approved

Bill Kaczor — Thu, 24 Jan 2013 16:00:28 +0000

The administrator of a class-action settlement between petroleum giant BP and oil spill claimants said that more than 34,000 Florida businesses and individuals so far have been approved to receive $332 million. Patrick Juneau was in Tallahassee to meet with …

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New Law on BP Oil Spill Promises States More in Restoration Monies

Mon, 16 Jul 2012 10:01:34 +0000

U.S. Gulf Coast states have a higher stake in the amount of money the U.S. government can wring out of BP Plc for the 2010 Deepwater Horizon oil spill due to a new law that would divert billions of dollars …

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BP Puts Gulf Oil Disaster Cost at $19 Billion So Far

Wed, 30 Mar 2011 20:00:50 +0000

BP Plc has so far spent $19 billion on last year’s disastrous Gulf of Mexico oil spill and believes the uncertainty over the ultimate total has decreased, a company executive said Tuesday. BP, operator of the Macondo well, which ruptured …

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BP Oil Spill Claims Fund Alters Some Payment Rules

Holbrook Mohr — Tue, 22 Feb 2011 10:50:40 +0000

The administrator of BP’s $20 billion Gulf oil spill fund announced new rules on how final payments will be determined in the highly criticized claims process, but the central payment formula remained unchanged from a proposal released earlier this month. …

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Florida CFO Atwater Seeks Claimants’ Feedback on BP Oil Claims

Michael Adams — Fri, 11 Feb 2011 15:50:04 +0000

Florida Chief Financial Officer Jeff Atwater is asking the state’s business community and BP oil spill claimants for their input regarding the claims handling process of the Gulf Coast Claims Facility. Specifically, Atwater wants to hear suggestions or concerns about …

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91,000 Gulf Oil Spill Claimants, BP Partner Gets Only Final Payment

Brian Skoloff — Wed, 02 Feb 2011 13:51:41 +0000

BP’s compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a company after the …

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Mississippi AG Asks Court to Intervene in BP Oil Spill Claims Fund

Wed, 02 Feb 2011 13:33:49 +0000

U.S. courts must compel the administrator of BP’s $20 billion oil spill fund to meet his legal obligations and stop short-changing victims of the Gulf of Mexico disaster, Mississippi said on Tuesday. Until now, ‘sweeping deficiencies and violations of law” …

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