Few Taking Final Offers to Settle Oil Spill Claims

By: Associated Press
By: Associated Press

New Orleans, LA (AP) - Records show that in the last two weeks more
than 8,100 people and businesses have been offered final payments
from BP's oil spill compensation fund, but few have accepted so far.

Gulf Coast Claims Facility data show that only about 2.5 percent have accepted. Claimants have 90 days to accept or reject a final offer from the $20 billion fund.

The data also show that the 204 claimants who have accepted final payment offers for all past, current and future damage from last year's disaster got an average of $12,188.

Claims administrator Kenneth Feinberg on Feb. 18 posted his rules for full-review final payments. He has been criticized for red tape, delays and requiring that recipients of final payments give up their right to sue BP and other parties.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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