Insurance Journal » Gulf Coast Claims Facility http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 20 May 2013 05:48:17 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Gulf Oil Spill Claims Czar Seeks Dismissal of BP Suit http://www.insurancejournal.com/news/national/2013/04/02/286733.htm Tue, 02 Apr 2013 13:00:15 +0000 Jonathan Stempel http://www.insurancejournal.com/?p=286733 The administrator of BP Plc’s settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company’s lawsuit over how he determines damages claims. BP …

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]]> BP Says $332 Million in Florida Oil Spill Claims Approved http://www.insurancejournal.com/news/southeast/2013/01/24/278588.htm Thu, 24 Jan 2013 16:00:28 +0000 Bill Kaczor http://www.insurancejournal.com/?p=278588 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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]]> BP Oil Spill Settlement Payments Exceed $1B Mark http://www.insurancejournal.com/news/southcentral/2013/01/15/277535.htm Tue, 15 Jan 2013 17:08:51 +0000 http://www.insurancejournal.com/?p=277535 Businesses and individuals who claim BP’s oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company’s class action settlement with a team of private plaintiffs’ attorneys, court-supervised claims administrator Patrick …

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]]> New Gulf Oil Spill Claims Process to Begin http://www.insurancejournal.com/news/national/2012/06/06/250225.htm Wed, 06 Jun 2012 12:35:14 +0000 http://www.insurancejournal.com/?p=250225 Thousands of victims of BP’s 2010 Gulf oil spill will participate in a new process for economic-loss and medical claims associated with the accident. The Deepwater Horizon Claims Center, run by court-appointed administrator Patrick Juneau, will open 18 intake centers …

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]]> Audit of Gulf Oil Spill Claims Fund Finds $64 Million in Underpayments http://www.insurancejournal.com/news/national/2012/04/20/244294.htm Fri, 20 Apr 2012 06:00:23 +0000 http://www.insurancejournal.com/?p=244294 An audit of the $20 billion fund for paying victims of the 2010 Gulf of Mexico oil spill found “significant errors” that led to about 7,300 claimants who were underpaid receiving an extra $64 million, the U.S. Justice Department said …

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]]> Gulf Oil Spill: Tales of 3 Plaintiffs http://www.insurancejournal.com/news/national/2012/03/12/238987.htm Mon, 12 Mar 2012 07:00:00 +0000 http://www.insurancejournal.com/?p=238987 The phone at Joan Strohmeyer’s fishing lodge in Venice, Louisiana, has been ringing steadily since 2010, but not many of the calls are from customers who want to go fishing. Mainly, they are from lawyers who want her to sue …

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]]> BP Seeks Settlement with Oil Spill Plaintiffs http://www.insurancejournal.com/news/national/2012/02/29/237477.htm Wed, 29 Feb 2012 13:36:02 +0000 http://www.insurancejournal.com/?p=237477 BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to compensate fishermen and businesses harmed by the disaster, lawyers familiar with the …

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]]> Year Old Gulf Oil Spill Claims Fund Has Paid $5 Billion http://www.insurancejournal.com/news/national/2011/08/23/212027.htm Tue, 23 Aug 2011 16:50:01 +0000 http://www.insurancejournal.com/?p=212027 The Gulf Coast Claims Facility set up to handle claims from the BP oil disaster has paid out $5 billion after one year of operation. It has paid 204,434 individual and business with a total of 359,441 claims. Established by …

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]]> Mississippi Sues BP Gulf Oil Claims Fund http://www.insurancejournal.com/news/southeast/2011/07/13/206145.htm Wed, 13 Jul 2011 13:05:58 +0000 http://www.insurancejournal.com/?p=206145 Mississippi Attorney General Jim Hood filed a lawsuit Tuesday to force Kenneth Feinberg, administrator of BP’s $20 billion fund for Gulf Coast oil spill compensation, to release documents it says it needs to ensure claimants are adequately compensated. The complaint …

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]]> One Year After BP Oil Spill, Optimism on Gulf Coast http://www.insurancejournal.com/news/national/2011/04/21/195676.htm Thu, 21 Apr 2011 13:33:11 +0000 http://www.insurancejournal.com/?p=195676 A year after the worst U.S. offshore oil spill swamped the Gulf coast with petroleum and misery, officials Wednesday declared the hard-hit region reborn. It is still too early to know the long-term damage to the Gulf’s rich and complex …

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]]> Feinberg: BP Gulf Claims Fund ‘Working As Intended’ http://www.insurancejournal.com/news/national/2011/04/21/195673.htm Thu, 21 Apr 2011 13:23:01 +0000 http://www.insurancejournal.com/?p=195673 On the one-year anniversary of the Gulf oil spill, BP Plc is facing challenges to its effort to contain another kind of disaster: mass litigation. The oil giant last June established a $20 billion compensation fund for victims such as …

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]]> BP Oil Spill Claims Chief Feinberg to Face Florida Lawmakers http://www.insurancejournal.com/news/southeast/2011/03/10/189585.htm Thu, 10 Mar 2011 13:59:33 +0000 Michael Adams http://www.insurancejournal.com/?p=189585 The man in charge of paying BP claims for the Gulf oil spill will soon face a Florida legislative committee to answer questions about how the compensation scheme is going. Kenneth Feinberg, the lawyer who is overseeing the Gulf Coast …

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