Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Distance not a factor in BP claims

By Ben Rooney, staff reporter


NEW YORK (CNNMoney.com) -- The official in charge of managing claims related to the BP oil spill said Monday that distance from the disaster site will not prevent legitimate claims from being processed.

Kenneth Feinberg, who has authority over the $20 billion fund that BP has pledged to compensate individuals and businesses hurt by the spill, said the decision came after elected officials in Florida, including Gov. Charlie Christ, expressed concerns about a "geographic proximity" test.

"After listening to these concerns, I have concluded that a geographic test to determine eligibility regarding economic harm due to the oil spill is unwarranted," Feinberg said in a statement.

He added that each claim is reviewed on a "case-by-case basis" and that those filing claims must still prove that the damages they suffered occurred as a result of the spill. However, he said, "physical proximity from the spill will not, in and of itself, bar the processing of legitimate claims."

The Gulf Coast Claims Facility, as the fund is known, has paid out nearly $1 billion to 50,000 victims throughout the Gulf of Mexico, according to Feinberg. To top of page

Index Last Change % Change
Dow 23,000.16 43.20 0.19%
Nasdaq 6,625.92 1.91 0.03%
S&P 500 2,558.09 0.45 0.02%
Treasuries 2.31 0.00 0.00%
Data as of 11:08am ET
Company Price Change % Change
Bank of America Corp... 26.30 0.06 0.23%
Ford Motor Co 12.26 0.14 1.16%
Netflix Inc 200.58 -2.10 -1.04%
Micron Technology In... 40.92 -0.57 -1.38%
General Electric Co 23.06 -0.30 -1.28%
Data as of 10:54am ET
Sponsors

Sections

More than 5% of DACA recipients have started their own businesses since enrolling the program, according to a recent survey. More

President Trump's decision to stop funding a key set of Obamacare subsidies is prompting states and insurers to hike health insurance premiums. More

The new flagship Pixel 2 and Pixel 2 XL phones from Google run the best version of Android and throw in some neat tricks. More