Gulf Coast Claims Facility 2/29/12 Updated BP Claims Statistics Report

March 1, 2012

Special thanks to ClaimSmentor Property and Casualty Group member, Lee Norwood, for sharing these BP Claim Statistics which were updated February 29, 2012 by the Gulf Coast Claims Facility. We get so many hits on our blog from people doing internet searches for updated statistics so I thought I’d share yesterday’s report for those interested:

http://www.gulfcoastclaimsfacility.com/GCCF_Overall_Status_Report.pdf


Must see video of BP’s Ken Feinburg at AL Townhall meeting yesterday- Hope to meet many of you this morning at the Fort Walton Beach Townhall Meeting

January 19, 2011

Here is some must see video footage of the Orange Beach, Alabama townhall meeting held yesterday with BP’s Ken Feinburg:

http://wkrg.com/1204118/

We will be attending today’s townhall meeting along with other independent adjusters in the Florida panhandle this morning being held here today in Fort Walton Beach, FL along with the founder of the Pensacola, FL Gulf Coast Claims Association and several other independent adjusters in the area. I’ll blog on that either later today or tomorrow.

In the meantime, I am putting together an article on the fruitless efforts made by hundreds if not thousands of adjusters like myself who applied to work these BP claims jobs from TX to FL  and were not utilized to work these claims. I have heard from hundreds who have applied and were not used being told that they were saving the experienced adjusters for hurricane season which never did cause damage in 2010. Information I’ve learned from many adjusters who were in the operation says that Ken Feinburg had changed the job title to “evaluator” from “adjuster” when he took over. Why? Is that so non adjusters could work the claims?

We’d like to piece together our side of the BP claims story by hearing from the many of you who applied and did or did not work claims. You can reply to this blog and I’ll approve the comments or if you wish to remain anonymous you can email me at dkmoroy@dimechimes.com and I will not use your name in any article or upcoming blog on the subject.

Thanks!


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

August 19, 2010

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:


BP 8/17/10 Press Release explains transition this week to Gulf Coast Claims Facility for individuals and businesses/ See info as well on Worley adjusting firm involvement in government entity BP claims

August 17, 2010

The BP press release for August 17, 2010 explains how claims will transition from their BP Claims operation to Ken Feinburg’s Gulf Coast Claims Facility program.

Here is the link to their press release with all of the details:

http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7064522

The BP Claims Statistics page is updated through 8/17/10 and shows  151,000 claims reported and only 44,000 of them have received one payment thus far. They also show the current claim staff at 1,650 which is an increase of about 400 since I last blogged about this a few days. That is quite interesting as I personally made a call to Worley’s deployment department to see what status was on deployments and they said that deployments had slowed down and they were fully staffed right now. Considering that Ken Feinburg when in Pensacola last week said all claim will have to be reported again to the Gulf Coast Claims Facility so that is going to be quite a feat to take 151,000 claim assignments and requiring the claimants resubmit all paper work to the Gulf Coast Claims Facility.

Here is also a link to a good Bloomberg article published 8/16/10 quoting Feinburg on the economic losses that are not directly on the coast:

http://www.bloomberg.com/news/2010-08-16/bp-spill-claims-from-50-states-confront-administrator-feinberg.html

It is interesting to read his comment that hotels more than 50 miles from the coast are unlikely to recover economic losses. Just as one example, immediately it came to mind to me that if you exit off of interstate 10 to Panama City you automatically see signs that it is 51 miles to the beach………………need I say more?

I do believe we have a long road ahead of us before we hear the last of these claims.

I’ll update the blog immediately when Feinburg releases the information this week as this BP press release says he will.

I’ll leave you now with a link to a video of Feinburg in Pensacola, FL at a townhall meeting explaining the GCCF transition by WEAR TV 3 in Pensacola, FL:

http://www.weartv.com/newsroom/top_stories/videos/wear_vid_10234.shtml?utm_source=twitterfeed&utm_medium=twitter


Ken Feinburg answers many BP Oil Spill questions in Pensacola, FL this week on the new Gulf Coast Claims Facility effective 8/23/2010/ BP Claim Stats through 8/11/10

August 13, 2010

The Pensacola News Journal is running a series of BP Oil Spill articles this week based on meetings held with locals this week on the new Gulf Coast Claims Facility- the name assigned to the 20B BP fund to pay damage claims.

First we have this article published 8/11/2010 about Feinburg’s meeting with 300 people and the University of West FL stating the fund will take over effective August 23, 2010:

http://www.pnj.com/article/20100811/NEWS01/8110338/1056/NEWS10/Feinberg-here-to-clean-up-the-mess

The interesting things picked up in this article is 1) confirmation that Feinburg still intends to issue settlement funds rather than advance funds that have been issued under the BP claims process for up to 6 months loss in exchange for a release 2) people/businesses who have already filed claims will need to update their claim information through the facility 3) they will accept emergency claims for loss up to Thanksgiving then remain open 3 years handling final/full settlements.

I was very surprised to read in this next article that even if you filed a claim through BP, you’ll have to file a new claim with the new facility:

http://www.pnj.com/article/20100811/NEWS01/8110336/1056/NEWS10/Feinberg-answers–oil-spill-claims-questions

This begs the question if the advances and payments previously issued through the BP/ESIS process will in fact be deducted from the facility payments by Feinburg’s group.

For many other articles on the oil spill through the Pensacola News Journal, you can view them here:

http://www.pnj.com/section/NEWS10

Other news sources updating comments from Feinburg and others on what will and will not be paid include:

BP may cut off tourism/restaurant businesses with indirect losses by Naples news:

http://www.naplesnews.com/news/2010/aug/12/bp-stops-paying-tourism-claims-lower-gulf-coast-an/?gulfdrilling=1

From blog Alabama we have news updates on the National Association of Realtors meeting with Feinburg in Washington to discuss loss of realtor commissions indicating Feinburg is going to consider his position on these losses:

http://blog.al.com/live/2010/08/oil_spill_realtors_want_bp_rei.html

Also, Feinburg is quoted as stating the new claim rules won’t be posted until 8/23/2010 to allow adjusters to be trained and to test the report filing systems:

http://blog.al.com/live/2010/08/claims_czar_individual_claims.html

This article also indicates 39,000 BP claims are dangling awaiting Feinburg’s program to determine whether or not payments will be made on the restaurant and tourism claims for those not located near the oil spill. Note the interesting comments from MS AG Jim Hood:

http://www.timesunion.com/news/article/As-39-000-spill-claims-dangle-BP-defers-to-feds-609097.php

BP’s site updates stats through 8/7/2010 with 145,000 claims received, 103,900 claim payments made, and 319 Million thus far paid out.

If the article linked to above from the Pensacola News Journal is right- 145,000 claims is alot of new claim reports to be made through the facility if it is true each claimant will have to file a new claim through Feinburg’s Gulf Coast Claims Facility.

The BP Stats excel sheet on their site shows 1,247 adjusters in the 36 claims offices

Here is a copy of their spreadsheet updated through 8/11/2010:

BP_MC252_Dashboard_Aug_11_2010

You can find this updated daily on BP’s site on the Claims Statistics tab at www.bp.com/claims . Here is also a direct link to the claims statistics worksheets or you can click on the download link right below the summary of key statistics on the statistics page here:

http://www.bp.com//sectiongenericarticle.do?categoryId=9034294&contentId=7063267