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Maritime Accident News

BP can’t pay claims fast enough


Posted on Jul 03, 2010

The total number of claims filed against BP in the Gulf oil crisis skyrocketed from 30,000 to over 85,000 in June, according to Cannon Cochran Management Services, Inc., a consulting group hired by Louisiana to track claims and payments. It said 2.5 new claims came in for each payout. Check totals averaged out to 2 million dollars per day during the month with the exception of June 16, where the total spiked to 11 million dollars. The average payout is 3,500 dollars. A Louisiana agency issued a highly critical statement on BP’s slow response and pressured the company to speed things up to help families “who are struggling because of the oil spill.” The statement also called the response “extremely distressing” because families need the money to make ends meet.

Source: AFP

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