In the last several weeks, the BP Court-Supervised Settlement Program has begun making offers to Gulf Coast residents and businesses that submitted claims under the terms of the Settlement.
To date, just over 50,000 complete claims have been submitted through the Settlement Program. And in the few short months since the program officially kicked off, offers have been made for 3,347 of those claims, or approximately 5% of the complete claims submitted. Most of the offers that have been made so far have been to individual fishermen and others whose boats were used as “vessels of opportunity” during the clean-up efforts immediately following the 2010 oil spill. Claims administrators have announced that by October 1, they hope to have issued settlement offers or denials on 30% of the claims submitted.
While these numbers may seem low to some who have now been waiting over two years to see recovery from the oil spill, one issue that claims administrators have raised is that many claims that are submitted have incomplete documentation. In fact the claims program recently issued a reminder to individual BP claimants to make sure that they include the necessary supporting documentation for claims including benefits losses, reimbursable search costs or reimbursable training costs. This reminder was necessary because nearly 90% of the claims received were incomplete, slowing the time it takes to process them.
Businesses by the Beach can help you to understand the forms and documentation you need to submit to make sure your BP claim gets processed quickly.