Oil Spill Administrator Says $5b in Claims Paid

Summary


JACKSON, Miss. - The fund set up to compensate victims of last year's BP oil spill in the Gulf of Mexico has paid more than $5 billion in claims, the fund administrator said Tuesday.

Washington, D.C., lawyer Kenneth Feinberg also released a summary of payouts from the $20 billion fund, which was established in August 2010 to help people whose lives and businesses were hurt by the spill.

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Extract


Oil Spill Administrator Says $5b in Claims Paid

The report says the Gulf Coast Claims Facility had received 947,892 claims from al...

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