I am with you Casandra. He said nothing about the delay being intentional – It is simply a massive mess. Yss, many have been damaged and BP will have to pay – and pay – and pay, until there is no more BP America. This is the best thing that has happened to attorneys since asbestos! BP did not “intentionally” blow out their well anymore than a driver “intentionally” turns over his rig. It was an accident; a big one, but an accident nonetheless. The biggest difference between Katrina and the BP disaster, is that while there are some who would blame God (and Bush) for Katrina; you can’t make either one of those guys pay! BP is not so lucky, and the BP disaster, like Katrina, will attract more “victims” and benefactors/
attorneys then there will be money to hand out. BP MUST be able to scrutinize those with their hands out – Most are damaged and entitled; many are neither.
To only those that have heretofore posted to this article: The Federal cliams Czar says BP is stalling because they have not yet decided about paying certain claims. I’m confident that those of you who are claim professionals or stockholders in any company can understand that principle. As a retiree and shareholder of BP, I depended on its dividend payment of $3.36/yr/share. I too have filed a claim for loss of significant income. But before you respond and say I shouldn’t be entitled because I had some type of control as a shareholder, think about your position with the stocks you hold, e.g. with GM, a vehicle recall so all dividends are suspended although you had no say or do with the design, manufacturing or sales of its products.? They are still deciding what to do with shareholder claims and I understanding that, but unlike the cash income claimants that have no documents, I can easily produce documents to support my claim. I hope the Czar doesn’t give away all of the $20 billion because I can’t catch any fish.
The issue is whether victims of the BP oil gusher will also be victims of the BP Oil Spill Victim Compensation Fund.
Orange Beach, Alabama Mayor Tony Kennon recently said the pace of BP aid has been far too slow and that many Gulf businesses might not make it past the end of the summer. Referring to BP, Kennon stated, “They’ve paid essentially nothing,” he said. “As far as I’m concerned, they’re dishonest. They’re running this big PR campaign.”
“I am determined to come up with a system more generous and more beneficial than if you file a lawsuit,” Feinberg repeatedly states. Here, the question is whether the system will be more generous and more beneficial for BP or BP’s victims.
Attorney General King is correct in stating that it is time for the State of Alabama to file a lawsuit against BP. Memories fade with the passage of time. Therefore, witnesses should be deposed as soon as possible. Postponing litigation will only benefit BP.
BP’s defense will be simple: “Spill, what spill? Dispersants, what dispersants? Compensation fund, what compensation fund?”
All victims of the BP oil gusher should read this article:
Only legitimate claims should be paid. Sometimes it takes time to validate a business income claim. It looks to me that this administration is trying to put preasure on Feinberg to place more blame on BP so eventually any and all blame for the mishandling of this disaster is deflected away from Obama. These guys play the media like a violin.
While there are certainly thousands of legitimate claimants there are those individuals wringing their hands in glee when such comments as those made by Feinberg are made. Attempts to defraud the system will be many and varied. Taking the time to properly verify their legitimacy is valid. Playing politics with someone else’s money should not be Feinbergs mandate.
Whenever I read the comments section of this site’s articles, I am ashamed to say that these people are my peers in the industry.
Socialist? Media’s biased view of BP?
Making snide comments about our government or defending the perpetrator of the spill is shortsighted at this stage and reflects poorly on your ability to think critically about the real problem, not the manufactured one.
I agree that BP and Feinberg should take as much time as needed to assure that the payments are fair and reasonable. But I also think the accusation that Feinberg is reacting to political pressure is unfair, unless there is some specific evidence. It sounds like the claimants are the ones who are putting on the pressure. Feinberg worked 33 months entirely probono under AG Ashcroft (a Republican) managing the 911 victims fund. I think this man deserves more respect.
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I am with you Casandra. He said nothing about the delay being intentional – It is simply a massive mess. Yss, many have been damaged and BP will have to pay – and pay – and pay, until there is no more BP America. This is the best thing that has happened to attorneys since asbestos! BP did not “intentionally” blow out their well anymore than a driver “intentionally” turns over his rig. It was an accident; a big one, but an accident nonetheless. The biggest difference between Katrina and the BP disaster, is that while there are some who would blame God (and Bush) for Katrina; you can’t make either one of those guys pay! BP is not so lucky, and the BP disaster, like Katrina, will attract more “victims” and benefactors/
attorneys then there will be money to hand out. BP MUST be able to scrutinize those with their hands out – Most are damaged and entitled; many are neither.
To only those that have heretofore posted to this article: The Federal cliams Czar says BP is stalling because they have not yet decided about paying certain claims. I’m confident that those of you who are claim professionals or stockholders in any company can understand that principle. As a retiree and shareholder of BP, I depended on its dividend payment of $3.36/yr/share. I too have filed a claim for loss of significant income. But before you respond and say I shouldn’t be entitled because I had some type of control as a shareholder, think about your position with the stocks you hold, e.g. with GM, a vehicle recall so all dividends are suspended although you had no say or do with the design, manufacturing or sales of its products.? They are still deciding what to do with shareholder claims and I understanding that, but unlike the cash income claimants that have no documents, I can easily produce documents to support my claim. I hope the Czar doesn’t give away all of the $20 billion because I can’t catch any fish.
The issue is whether victims of the BP oil gusher will also be victims of the BP Oil Spill Victim Compensation Fund.
Orange Beach, Alabama Mayor Tony Kennon recently said the pace of BP aid has been far too slow and that many Gulf businesses might not make it past the end of the summer. Referring to BP, Kennon stated, “They’ve paid essentially nothing,” he said. “As far as I’m concerned, they’re dishonest. They’re running this big PR campaign.”
“I am determined to come up with a system more generous and more beneficial than if you file a lawsuit,” Feinberg repeatedly states. Here, the question is whether the system will be more generous and more beneficial for BP or BP’s victims.
Attorney General King is correct in stating that it is time for the State of Alabama to file a lawsuit against BP. Memories fade with the passage of time. Therefore, witnesses should be deposed as soon as possible. Postponing litigation will only benefit BP.
BP’s defense will be simple: “Spill, what spill? Dispersants, what dispersants? Compensation fund, what compensation fund?”
All victims of the BP oil gusher should read this article:
http://donovanlawgroup.wordpress.com/2010/07/19/165/
Only legitimate claims should be paid. Sometimes it takes time to validate a business income claim. It looks to me that this administration is trying to put preasure on Feinberg to place more blame on BP so eventually any and all blame for the mishandling of this disaster is deflected away from Obama. These guys play the media like a violin.
Real estate agents, bankers, Who’s next prostitutes.
I knew that this was going to get crazy as soon as our socialist president Obama appointed someone to handle this.
While there are certainly thousands of legitimate claimants there are those individuals wringing their hands in glee when such comments as those made by Feinberg are made. Attempts to defraud the system will be many and varied. Taking the time to properly verify their legitimacy is valid. Playing politics with someone else’s money should not be Feinbergs mandate.
TO SARAH: I THINK THE NEW ORLEANS STRIPPERS AND STRIP CLUB OWNERS HAVE ALREADY TRIED TO GET BP TO PAY THEIR CLAIMS DUE TO LOSS OF INCOME.
This has nothing to do with Obama but more to do with some greed.
Article inicates that Feinberg felt delay was due to BP not knowing how to handle some claims…nothing more and nothing less.
Get serious.
Whenever I read the comments section of this site’s articles, I am ashamed to say that these people are my peers in the industry.
Socialist? Media’s biased view of BP?
Making snide comments about our government or defending the perpetrator of the spill is shortsighted at this stage and reflects poorly on your ability to think critically about the real problem, not the manufactured one.
I agree that BP and Feinberg should take as much time as needed to assure that the payments are fair and reasonable. But I also think the accusation that Feinberg is reacting to political pressure is unfair, unless there is some specific evidence. It sounds like the claimants are the ones who are putting on the pressure. Feinberg worked 33 months entirely probono under AG Ashcroft (a Republican) managing the 911 victims fund. I think this man deserves more respect.