BP agrees to relax requirements for oil spill claims
Published: September 19,2012
Tags: accident, bench, court, damage, death, disaster, disaster recovery, ecosystem, energy, environment, explosion, fatality, fuel, gasoline, judge, judicial, judiciary, natural gas, offshore drilling, Oil, oil spill, oilrig, petroleum, pollution, seafood, tourism, tourist, vacation, visitor, wildlife
GULF COAST — BP has agreed to relax several documentation requirements regarding the submission of claims filed after the 2010 oil spill in the Gulf of Mexico.
Plaintiffs’ attorney Steve Herman and Jim Roy said in a statement the changes will speed the processing of claims and “get the people and businesses of the Gulf paid quicker.”
The attorneys say BP has agreed to waive all license requirements for business and/or individual economic loss claimants, with some exceptions. Other changes involve profit and loss statements, proof of employability and age and vessel ownership.
U.S. District Judge Carl Barbier in May preliminarily approved a proposed class-action settlement. BP estimates it will pay about $7.8 billion to resolve more than 100,000 claims by people and businesses who blame the spill for economic losses.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “BP agrees to relax requirements for oil spill claims”
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Two BancorpSouth mergers delayed by federal inquiries
- Severstal selling plants, including Severstal Columbus
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- Moon River Foods creating 100 jobs in Mississippi Delta
- Police find Attorney General Hood's stolen handgun
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Pickwick Pines settles lawsuit; pays $260K
- Communities awarded national Main Street accreditation
- MSU sets new annual fundraising record of $106M-plus