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BusiesT casino gambling day -- in Las Vegas Status: Not Logged In; Sign In United States News See other United States News Articles Title: Committee: BP has paid less than 12% of claims Source: Associated Press URL Source: http://hosted.ap.org/dynamic/storie ... AULT&CTIME=2010-06-18-13-32-33 Published: Jun 18, 2010 Author: Associated Press Post Date: 2010-06-18 13:36:19 by Brian S Keywords: None Views: 438 Comments: 19 WASHINGTON (AP) -- The House Judiciary Committee says data it has collected shows that BP has paid less than 12 percent of claims submitted by people and businesses arising from the Gulf oil spill. The committee said in a statement Friday that only $71 million out of an estimated $600 million had been paid as of Tuesday. In addition, the panel said that BP didn't make any payments in the first two weeks following the explosion and oil spill. Michigan Democratic Rep. John Conyers said he's concerned that BP "is stiffing too many victims and shortchanging others." The committee said BP hasn't made a single payment for bodily injury or diminished home property value. BP officials did not immediately respond to a request for comment. Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 7. #2. To: Brian S (#0) Whats the average time from when the claims were filed through today? Seems to be a lot of money, 71 million, given the most the delay could be is what? Four to six weeks? How's that compare to the 9/11 funds handed out? Badeye  posted on  2010-06-18   13:57:19 ET  Reply   Untrace   Trace   Private Reply   #3. To: Badeye (#2) , given the most the delay could be is what? Four to six weeks? How's that compare to the 9/11 funds handed out? Uh didn't they have to prove that those receiving 9/11 compensation were actually in or involved in the towers? Since the ones most directly affected were unable to personally testify or submit claims, that might have led to a 'slightly longer' delay. mininggold  posted on  2010-06-18   14:13:29 ET  Reply   Untrace   Trace   Private Reply   #4. To: mininggold (#3) , given the most the delay could be is what? Four to six weeks? How's that compare to the 9/11 funds handed out? Uh didn't they have to prove that those receiving 9/11 compensation were actually in or involved in the towers? Since the ones most directly affected were unable to personally testify or submit claims, that might have led to a 'slightly longer' delay. I'm aware of the 9/11 issues. I'm just wondering how long its taking for the 'average claim' to be paid by BP. Right now, it doesn't seem extrodinary given the circumstances. You still have to verify the validity of the claim being made. A month to six weeks doesn't seem very long under these circumstances, given the dollar amounts and given the number of claims which have to be in the tens of thousands and growing each and every day. I'm not defending BP here, just asking. Badeye  posted on  2010-06-18   14:17:00 ET  Reply   Untrace   Trace   Private Reply   #5. To: Badeye (#4) Property tax and ownership grants of deeds records are already in place. That should speed things along. mininggold  posted on  2010-06-18   14:30:01 ET  Reply   Untrace   Trace   Private Reply   #6. To: mininggold (#5) Property tax and ownership grants of deeds records are already in place. That should speed things along. I would think so. Badeye  posted on  2010-06-18   15:08:43 ET  Reply   Untrace   Trace   Private Reply   #7. To: Badeye, All (#6) Matt Simmons: 'BP is out of money by the end of Summer.' The bidding on damages starts at a Trillion Dollars. mcgowanjm  posted on  2010-06-19   21:34:14 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 7. #8. To: mcgowanjm (#7) I've seen a few estimates the past 24 to 48 hours. They have an estimated one trillion in oil stockpiled currently. Seems counter productive to make comments from the government (either party) that drives the stock lower. Badeye  posted on  2010-06-20 01:09:15 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 7. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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