With every day that passes, I grow more concerned for Gulf Coast residents and business owners who have claims against BP and all of its co-wrongdoers. The Deepwater Horizon oil spill devastated the Gulf region’s economy. The GCCF was set up to pay claims, but has paid less than half of the claims filed in the emergency claims program. Less than 15% of filed interim claims have been paid since that program was started. Almost 98% of claims that have been paid to date are for final settlements – with the overwhelming majority being cheap “quick pay” settlements. The bottom line is folks are not being made whole by the GCCF. Sadly, claimants have to wait months to even hear back from the GCCF on their filed claims. When they do finally hear from the GCCF, claimants are offered cheap settlements. Unfortunately, some of the claimants are taking cheap settlements because they have to pay their bills and buy food for their families.
Recently, a former BP and GCCF claims adjuster, Olga Sanders, told the media that upper-level management working for Feinberg had told her to “deliberately limit the number of claims reviewed so she could keep her job.” Ms. Sanders had this to say:
If we were working and reviewing claims too quickly, we were tapped on the shoulder – ‘Slow down, slow down … Look, we want to have jobs for the next three years, right? Just take your time, slow down.’
Based on how the GCCF has been treating individuals and business owners along the Gulf Coast, I am not at all surprised to hear this. It’s time for Feinberg and his staff to either pay all legitimate claims or be shut down. I have felt from the beginning that the goal of Feinberg and the GCCF was to protect BP and to save it as much money as possible. Fortunately for BP’s victims, Judge Carl Barbier is holding BP’s “corporate feet” to the fire.
Source: The Daily
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