Posted: Aug 20, 2010 10:44 AM by Melissa Canone
MIAMI (AP) - Details released Friday about how claims will be
paid from BP PLC's $20 billion fund show that how close
geographically a person or business is to the Gulf oil spill will
play a key role.
The claims process is shifting from BP to the Gulf Coast Claims
Facility effective Monday. It will be run by Washington attorney
The new rules govern emergency claims that can be made between
Monday and Nov. 23. Claimants will not give up their right to sue
BP and other spill-related companies in return for that money. But
final settlements coming later will include a waiver of the right
The documents say claimants must show how the spill caused
damage or economic loss, including their geographic proximity.