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UPDATE: BP pledges 2-day turnaround on claims

by Dara Kam | May 6th, 2010

Attorney General Bill McCollum said that British Petroleum executives promised to pay claims within two days and agreed to put in writing their commitment to pay all costs associated with the massive oil spill circulating in the Gulf of Mexico.

McCollum and the attorneys general of Texas, Mississippi, Louisiana and Alabama yesterday pressed the oil giant to put on paper its pledge to fund damages for the April 20 Deepwater Horizon oil blast still spewing hundreds of thousands of oil daily into the Gulf.

“BP has assured us it will do whatever it takes to make our states and their citizens whole, and I encourage them to continue working diligently to make the claims process expedient and efficient so our citizens and businesses can see immediate relief,” McCollum, running in a GOP primary for governor, said in a statement.

Federal law requires that business owners and others impacted by the oil spill file claims with the “responsible party” before pursuing other litigation.

Chief Financial Officer Alex Sink, the leading Democratic gubernatorial candidate, is also demanding that BP do a better job handling claims and communicating with coastal businesses.

BP promised McCollum and the other attorneys general it would put in writing their commitment to cover all costs of the incident – which they are bound to do under federal law – “without regard to any potentially applicable
statutory caps on recoveries,” McCollum said in a statement.

BP gave the states $25 million each to help defray the costs of preparing for the spill and set up a toll-free number for claims, 800-440-0858.

McCollum and his colleagues also asked for the same commitment in writing from Halliburton and Transocean, the other companies involved in the drilling operation off the coast of Louisiana.

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2 Responses to “UPDATE: BP pledges 2-day turnaround on claims”

  1. OBIWAN Says:

    It would be entirely proper to allow FL’s elected AG Bill McCollum to handle the legal demands on BP !! That is what he was elected to do??

    FL’s CFO can’t handle her own chores and has no legal standing to do more than issue press releases as a “candidate” for FL governor!!

    Excuse me Alex, you political posturing is showing thru to you core!!

  2. OBIWAN Says:

    “” BP promised McCollum and the other attorneys general it would put in writing their commitment to cover all costs of the incident – which they are bound to do under federal law – “without regard to any potentially applicable statutory caps on recoveries,” McCollum said in a statement. “”

    Upon receipt, isn’t this better than expanding tort statutes to allow more “punitive” and “special” damages Trial Lawyers will propose to hook their 40% litigation star??

    There continues to be no evidence BP has done anything but accept financial responsibility for its actions. YES, BP will go to court to determine Halliburton, Transocean, etc indemnification owed.

    THAT is already provided by current tort laws and will provide much lawyer job retention for at least a decade….

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