Home » NEWS » Energy » BP agrees to relax requirements for oil spill claims

BP agrees to relax requirements for oil spill claims

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.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

One comment

  1. Please provide documentation to support this PR released statement. I have seen nothing on the official Settlement site that says anything about “relaxed requirements”. There also is NO need to relax requirements. They will find other paperwork to “lose”.

Leave a Reply