(News Today) - BP said on Tuesday it would stop processing claims of people and businesses hurt by the Gulf oil disaster as a government-appointed group will take over responsibility on August 23.
The company said it would not accept any new claims after Wednesday and will start directing people to the Gulf Coast Claims Facility, led by attorney Kenneth Feinberg.
"Effective August 23, GCCF will be the only authorized organization managing business and individual claims related to the Deepwater Horizon Incident," the British energy giant said in a statement.
Feinberg is charged with independently administering the $20 billion fund set up to compensate for damage caused by the Gulf disaster that started after an April 20 explosion on an oil-drilling platform off the Louisiana coast.
BP, which said it has paid $368 million in claims so far, will continue to handle claims put in by government entities.
Source : CNN
Friday, August 20, 2010
BP to stop handling most Gulf claims
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