Tags: US | Gulf | Oil | Spill | Claims

BP Claims to Be Paid out Faster, With No Limit

Thursday, 01 Jul 2010 03:31 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The administrator of the $20 billion escrow fund established to pay BP claims says he's changing the system so businesses can get emergency, lump-sum payments.

Kenneth Feinberg said Thursday that the payments will be expedited and won't have a predetermined limit.

Alabama Gov. Bob Riley lobbied hard for the change.

Riley says many businesses that had received $5,000 emergency payments on a month-to-month basis were frustrated by having to ask for additional payments every few weeks.

Riley says each claim needs to be looked at individually, and each business paid what is fair based on what they need.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Secret Service Mulls White House Checkpoints for Tourists

Sunday, 21 Sep 2014 22:35 PM

The U.S. Secret Service is having preliminary discussions about setting up security screening checkpoints near public ar . . .

Michael Moore Out as Michigan Film Board Member

Sunday, 21 Sep 2014 22:27 PM

Oscar-winning documentary filmmaker Michael Moore no longer will serve on the Michigan Film Office Advisory Council. Rep . . .

Rush Limbaugh's Call Screener: Liberalism 'Horrific' to Black Communities

Sunday, 21 Sep 2014 22:23 PM

Calling liberalism's effect on black communities "horrific," the longtime call screener for Rush Limbaugh says that for  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved