As we enter the middle portion of the 2010 hurricane season, we find ourselves faced with another issue to add to the post-oil spill mix: Will there be enough adjusters to handle a large catastrophic event when, and if, the need arises?
BP's claims team is in the final stages of preparing to transfer responsibility for individual and business claims related to the oil spill in the Gulf of Mexico to the Gulf Coast Claims Facility (GCCF).
Crawford & Company has confirmed that GCG has been retained to assist Feinberg Rozen, LLP with Mr. Ken Feinberg's role as the administrator of the Gulf Coast Claims Facility.
Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.
Claims Magazine spoke with the man President Obama appointed as "pay czar" of the $20 billion BP oil spill compensation fund, Ken Feinberg. In this exclusive Q&A, he talks about the claim process and what must happen for people to get the money they need.
In this exclusive feature, BP's Claim Manager Darryl Willis discusses the enormous undertaking of paying oil spill losses, while Attorney Lela Hollabaugh looks at the long-term litigation aspects BP faces.
Having paid $256 million already in claims, BP will likely issue at least $60 million in advance payments in August to claimants across the Gulf Coast.
Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.