The Deepwater Horizon Economic Claims Facility continues to process and pay claims to individuals and businesses throughout the Gulf region. As of the writing of this article, a total of 155,000 claims had been submitted to the claims facility (11,000 which were in the process of beginning). Statistics indicate that Florida leads the way with 50,000 claims filed, followed by Louisiana (42,000), Alabama (27,600), Mississippi (17,600) and Texas (7,100).
Of the claims filed, business economic loss claims have taken the lead with 26% of the filings (40,000). In second place, individual economic loss claims account for 22% of the filings (34,000), followed by seafood at 15% (23,996), coastal real property at 14% (21,159) and subsistence claims at 10% (14,789).
Payments also continue to rise at a rapid pace. A total of 31,898 claims have received payment offers totaling $2.504 billion. Claimants have accepted offers on 27,762 claims for a total worth of $2.214 billion. Of the accepted offers, business economic loss claims account for $1.092 billion in value followed by seafood claims at $681 million. In total, 24,844 claims have been paid for a value of $1.734 billion. All of these numbers represent sharp increases in claims processed and payments made as compared to previous months.
Contact us today for a free legal consultation with an experienced attorney.
Fields marked *may be required for submission.
If you would like to subscribe to the Jere Beasley Report digital edition, simply visit our Subscriptions page and provide the necessary information or call us at 800-898-2034.
Attorney Advertising - Prior results do not guarantee a similar outcome.