- Associated Press - Sunday, July 11, 2010

WASHINGTON (AP) — The man in charge of providing compensation for victims of the Gulf oil spill says he’s ready to give those eligible a full six months’ worth of emergency payments on a single request.

Kenneth Feinberg, who is administering the $20 billion fund established by BP, said Sunday that speeding up the claims process is part of the effort to help people feel an added degree of financial certainty.

Mr. Feinberg said that a payment based on six months of losses rather than month-by-month requests will cut back on the number of claims his office expects to receive.

Mr. Feinberg appeared Sunday on CNN’s “State of the Union.”

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide