Updates from BP Czar Ken Feinburg from Louisiana Town Hall Meeting 8/18/10 about Gulf Coast Claims Facility/New Website for BP Claim Filing as well

Well it is finally out=========the BP Claims process through BP ended as of yesterday on August 18, 2010 and will reopen Monday August 23, 2010 under the Gulf Coast Claims Facility administered by Ken Feinburg at http://www.gulfcoastclaimsfacility.com As of a few minutes ago, it just has an announcement posted that it will open 8/23/2010.

This article from yesterday’s townhall meeting in Louisiana provides many more clues to how Feinburg intends to administer the settlement of these claims and is becoming a little more clear and more sensible as well from the standpoint he is now saying BP is providing them the documentation received on the claims that were reported directly to BP from April 20, 2010 date of loss through the close of BP’s own administration of the claims which ended yesterday.

The process sounds like an improvement but I cannot fathom how they possibly are going to make the first six months emergency payments within 48 hours for personal claims and 7 days for businesses as alleged. 1600 or so claims personnel divided by the 151,000 claims reported to BP that are in the process of movig to Gulf Coast Claims Facility doesn’t even sound humanly possible as anyone running a catastrophe claims operation can tell you.

We’ll keep a hopeful watchful eye as things develop and wish the Gulf Coast Claims Facility nothing but the best in restoring these claimants to some semblance of normalcy after their lives have been in ruins from this BP oil spill.

Here is the link to the the news article out of Louisiana quoting Ken Feinburg with more clues to how the claims will be administered:

http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/08/gulf_of_mexico_oil_spill_claim_1.html

BP’s claim site lists the following new information about filing claims under the new facility at www.bp.com/claims which says in part:

Update: Individual and Business Claims

Claims previously filed with the BP Claims Process related to the oil spill in the Gulf of Mexico are transitioning on August 23 to the new Gulf Coast Claims Facility (GCCF) for review, evaluation and determination.

  • Access the GCCF website at www.GulfCoastClaimsFacility.com.
  • Call the toll-free number 1(800) 916-4893 to receive a copy of the claim form by U.S. Mail (TTY: 1 (866) 682-1758).
  • Visit one of the GCCF Claims Site Offices, locations of which can be found at the above web site.
In order to ensure the orderly transition of data to the GCCF, BP will not accept claims into its system between August 19 and August 22.

 
The claims statistics link on their BP site is not up today so I can’t get an update yet on exactly how many claim loss reports they ended up with to move to the GCCF so the last I knew was 151,000 claims and 348 million paid which this new article quoting Feinburg says is not a dollar amount that will be included in the 20B fund to be paid on claims.
More news to follow- click on the RSS Feed at the bottom of the right hand column of our blog to follow new postings or subscribe by email to this blog in the top right column if you want to follow this and other hot topics in the claims industry.

For existing claimants only: The Immediate Action Claims Team will continue to operate through Sunday, August 22, and can be contacted at 1(800) 573-8249. This team will work only with those who have real emergencies.

GCCF is the only authorized organization managing business and individual claims related to the Deepwater Horizon Incident.

Effective August 23, 2010, to file a claim, you can do one of the following:

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