Income deductions from oil spill claims could discourage people from finding work

Thursday, August 19th, 2010 Catastrophe Liability

Let's say there are two commercial fishermen. Both earned the same amount of money, and both were put out of work by the oil spill. After Fisherman A realized he wouldn't be able to make any money fishing, he went out and scraped up another job to tide him over. Fisherman B had no such luck. He had to move in with family, waiting for better times to return. Under the rules for distributing $20 billion in BP claims money, anything that Fisherman A earned by hustling to land another job will be deducted from his total payout.


External References & Further Reading
http://blog.al.com/live/2010/08/income_deductions_from_oil_spi.html
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