Aspen Claims Service

Feinberg pledges to issue spill checks within 24 hours

 Monday, August 23, 2010

 Business Insurance

Kenneth Feinberg, administrator of the Gulf Coast Claims Facility, said he intends to issue emergency payment checks to individuals within 24 hours of an application for losses tied to the BP P.L.C. oil spill. Checks for businesses will be issued within seven days, Mr. Feinberg said Friday in a statement releasing protocols for the $20 billion fund. Emergency claims can be filed from Aug. 23 through Nov. 23, Mr. Feinberg said.
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