Tags: US | Gulf | Oil | Spill | Claims

BP Claims to Be Paid out Faster, With No Limit

Thursday, 01 Jul 2010 03:31 PM

 

  Comment  |
   Contact  |
  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 This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  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.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

FSU Quarterback Jameis Winston Cleared in Campus Rape Hearing

Sunday, 21 Dec 2014 19:12 PM

Florida State University star quarterback Jameis Winston has been cleared in a student conduct code hearing looking into . . .

Satanic Temple Puts up Display at Michigan Capitol

Sunday, 21 Dec 2014 18:42 PM

Christians and Satanists put up competing displays Sunday on the Michigan Capitol grounds in Lansing as Christmas week g . . .

Young Cuban-American Groups Emerge as Obama Allies

Sunday, 21 Dec 2014 16:09 PM

For a handful of Cuban-Americans, President Barack Obama's new Cuba policy wasn't much of a shocker. . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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