Thread: Oil Spill Compensation Czar: 110,000 Claims Have ‘Zero Doc

Oil Spill Compensation Czar: 110,000 Claims Have ‘Zero Documentation,’ ‘Nothing’
Wednesday, October 27, 2010
By Fred Lucas


oil rig explosion

Fire boats surround the blazing remnants of the offshore oil rig Deepwater Horizon on Wednesday, April 21, 2010, before the rig sank. (AP Photo/US Coast Guard)

(CNSNews.com) – Nearly two-thirds of the outstanding compensation claims from the BP oil spill have no documentation to back up their losses, according to the administrator in charge of distributing compensation money to victims. At least 50 claims are considered "very suspicious" and could be referred to the U.S. Department of Justice.

On terms largely dictated by the Obama administration, BP, a British multi-national corporation, agreed to set up a $20-billion escrow fund and have lawyer Kenneth Feinberg independently administer it.

The overwhelming number of compensation claims deal with economic loss or business interruption, said Feinberg, who was appointed by President Barack Obama to serve as the independent claims adjuster for the BP Deepwater Horizon Oil Spill Disaster Victim Compensation Fund.

“I have seen probably in the last eight weeks, 275,000 claims,â€

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