BP Agreed To Expedite Payment Claims To Businesses Disrupted By Oil

Posted: Jun 10, 2010 10:56 AM by Melissa Canone
Updated: Jun 10, 2010 10:56 AM

WASHINGTON (AP) - The Obama administration says BP has agreed to
expedite the payment of claims to businesses and individuals whose
livelihoods have been disrupted by the Gulf of Mexico oil spill.
Tracy Wareing (WEHR'-ing), who is with the National Incident
Command office, told reporters in Washington that the understanding
on payment of claims came in a meeting Wednesday with BP
executives, including CEO Tony Hayward.
Wareing said administration officials raised a "pressing
concern" about the time BP has been taking to provide relief
payments, particularly to businesses in the stricken area. She said
the company will change the way it processes such claims and will
expedite payments. Among other things, it will drop the current
practice of waiting to make such payments until businesses have
closed their books for each month.

Topics: BP, Agreed, To, Expedite, Payment, Claims, To, Businesses, Disrupted, By, Oil