The administrator of BPs $20 billion Gulf oil spill fund announced new rules on how final payments will be determined in the highly criticized claims process, but the central payment formula remained unchanged from a proposal released earlier this month. Kenneth Feinberg, the Washington lawyer who oversees the fund, said in a news release that hell begin making payments based on the rules.
BP Oil Spill Claims Fund Alters Some Payment Rules
External References & Further Reading
http://www.insurancejournal.com/news/national/2011/02/22/187426.htm