As of Feb. 24, 2015, public statistics reported by the Deepwater Horizon Economic and Property Damages Settlement show that a total of 308,564 claims are filed in the Facility. Of those claims, Florida residents and businesses account for 30 percent of the claims filed (92,412), with Louisiana (26.3 percent at 81,044), Alabama (17.8 percent at 54,840), Mississippi (11.8 percent at 36,424) and Texas (5.7 percent at 17,466) trailing. Of the claims filed, business economic claims remain the leader at 110,561 (35.8 percent), while Individual Economic Loss (51,835 at 16.8 percent), Subsistence (40,190 at 13 percent), Coastal Real Property (38,620 at 12.5 percent) and Seafood Compensation Claims (25,183 at 8.2 percent) trail.
In terms of eligible claims processed, a total of 87,195 claims have been deemed eligible with Coastal Real Property claims leading those determinations at 27,214, followed by Business Economic Claims at 17,643, Seafood Compensation Claims at 12,472 and Subsistence Claims at 7,030. A total of $5.386 billion in eligibility notices have been issued, with $5.183 billion having been accepted. The Facility has physically paid $4.810 billion in claims, with Business Economic Claims representing $2.504 billion in payments, followed by Seafood Compensation claims at $1.416 billion, Vessel of Opportunity (VoO) Charter payments at $277 million, Wetlands Real Property claims at $147 million, Coastal Real Property claims at $145 million, and Start-Up Business Economic Loss claims at $109 million.
Finally, in recent months, BP has consistently appealed almost every meaningful business economic loss determination. Current statistics show that BP has appealed 5,940 determinations, and this number should continue to rise as the company searches for all possible avenues to avoid paying claims. While some of its appeals may be justified, it has been our experience that many of BP’s appeals are oftentimes nothing more than a delay or payment avoidance tactic. Predictably, BP is losing many of those appeals while also having to foot a penalty for filing them.
Source: Public Statistics for the Deepwater Horizon Economic and Property Damages Settlement
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