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Tag Archives: Ken Feinberg
BP paid only 363 of 1,062 claims from rental property owners
Mississippi Attorney General Jim Hood is not happy with BP. The oil company has paid only 63% of the claims filed by Mississippi property owners and businesses who claim damage suffered by the oil spill.
It is unfortunate that, despite all its promises about taking care of our residents on the Coast, BP is still holding 6,050 actionable claims,” Attorney General Jim Hood told the Biloxi Sun Herald… Continue reading
Posted in Oil Crisis
Tagged BP, claims, Jim Hood, Ken Feinberg, Mississippi, oil crisis
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Claims Czar Lays Out Some Ground Rules for Homeowners (& Appraisers)
As everyone who lives and works on the Gulf Coast probably knows, Kenneth Feinberg is the man the White House appointed to oversee claims paid by BP from its $20 billion escrow fund for oil spill damages. On Friday, he told a standing room only crowd in Destin, Florida, that the eligibility of claims for loss in property values would be far more difficult to decide, far more subjective than… Continue reading
BP $20 Billion Fund Will Start Paying Claims in Early August
Ken Feinberg, the White House appointee who oversees the $20 billion BP set aside for claims of lost income and damages, said today money will be paid beginning in early August. So far, the fund has been untouched. He said BP promised to pay all eligible claims even if the price tag blows past $20 billion.
Feinberg hosted a series of town hall meetings in Louisiana to answer questions… Continue reading
Red-Flag Day — Oil Soils Texas; BP $ Can’t Cover Property Value Losses
NOAA predicted there was only a 40% chance BP’s oil would hit Texas. But apparently the spill beat NOAA’s odds.
This weekend, five gallons of tarballs were found on the Bolivar Peninsula, northeast of Galveston, and two tarball gallons hit Galveston Island while 35 gallons of tarballs were scooped off Crystal Beach. This brings the total of contaminated shoreline to 492 miles and counting.
Meanwhile, NOAA will be… Continue reading
