On November 7, 2011, protestors took to the streets of Washington D.C. to protest the BP Oil Company’s response to the 2010 Gulf Coast oil spill. Organizers marched and rallied to bring attention to the lack of transparency and slow repayment of claims filed to the Gulf Coast Claims Facility by victims of the spill. The protesters also demanded the formation of a Gulf Coast citizen-led oversight committee to hold BP oil accountable for residual damage and claims issues.
Urgency To Get BP Claims Paid By The GCCF
Art Rocker, the chair of Operation People for Peace, Inc., was one of the rally’s organizers. “On Sunday, we joined a picket around the White house on the [oil spill issue] until President Barack Obama begins to answer the needs of this coalition and encourage the urgency of the claims to be paid in the Gulf Coast Region headed by BP Claims Czar Ken Feinberg…” Rocker said, “We are marching in front of Ken Feinberg’s office, on Monday [11/7/2011] to determine when he is going to provide payment to the underserved and underrepresented in the Gulf Coast Region.”
The protestors have more than a few reasons to be angry. The Gulf Coast Claims Facility (GCCF) has more than $20 billion set aside in their claims fund for victims of the spill, but has only paid out about $6 billion to date. The majority of those payouts occurred in the first few months of the spill during the emergency payment phase.
GCCF Payments Has Slowed To A Crawl
As of August 2011, the GCCF reported that it has approved and paid 38% of the 947,892 BP claims that victims have filed. Since then, payments from the GCCF have slowed to a crawl, so the percentage is steadily creeping lower. Federal watchdogs have enacted stricter requirements for people filing claims as a way to wind down the claims process. This has caused the rate of claim denials to skyrocket upward.
News reports are suggesting that GCCF Pay Czar Kenneth Feinberg is gearing up to put the brakes on payments altogether. In a recent Fox News article, Feinberg mentioned that the claims process was wrapping up. GCCF claims offices throughout the Gulf Coast region have been closing and the organization has been consolidating its workforce anticipating the end of claims processing. Feinberg said that the GCCF has processed more than 80% of claims, noting, “I’ve used just over $4 billion dollars…I don’t envision a flood of new claims.”
The Gulf Coast Claims Facility Ready To End The BP Claims Process.
The Gulf Coast Claims Facility expects to end the claims process in 2013. The basis for this estimation is the agency’s assertion that the Gulf Coast’s economy is already bouncing back. The GCCF also attests that the negative environmental effects of the BP oil spill are quickly diminishing as well. Many environmentalists, biologists, Gulf Coast business owners, and fisheries profoundly disagree.
A year after the oil spill, the final payment for an average claim was $16,000. Currently, the average final payment is $20,000. The claims process is ending soon, so victims must take care of denied or unprocessed claims quickly, before the GCCF dissipates altogether.
In the start of the year most of my call was from individuals with smaller claims that was not getting their BP claims paid by the GCCF. This has now change as most of the smaller claims up to 50,000 has been paid by the GCCF. If your small individual BP claim has not been paid by the GCCF like it should have at this time, I would want you to fill out a free case review so our team can have a look at it.
Servers, cleaning and other personal income loss should have been paid at this time by the GCCF contact us though the form if yours have not, before the deadline to do so this year.
What I am seeing now are the bigger business claims coming in on the calls and the forms for free cases review. The BP claims that are left with the GCCF at this time are more of the high dollar business claims and there are a few reasons for that.
Why Are The GCCF Neglecting the BP Business Claims ?
So the main reason why the BP Business Claims are getting neglected by the GCCF is because of their strategy from the beginning. We want to show the people, the government that are going to audit us, the BP shareholders that we are paying a lot of people at it will not cost near the 20 billion we set a side for it.
How do we do that ?
Well its simple, if you start off by paying 1/2 the claims you can show a great number, we have paid half the claims and only spend 6 billion dollars. The smart people on wall street will think great its only going to cost BP 12 billion dollars this whole mess. This will make the BP share price go up and the share holders are happy. The smart people on wall street will soon find out however that they paid the lowest claims first, so the rest of the BP claims are much higher dollar claims.
When the government that will audit the Gulf Coast Claims Facility will be able to say, see here we have paid 1/2 all the claims that has come into us. So this should keep them in check as long as they don’t check what people doing the same job having the same salary was paid by the GCCF because these numbers will be very very different as I understand it from people I have personally talked to.
Top 10 Reasons You Should Contact Us Now.
First there are a few very oviouse reasons why you should contact us to handle your BP Claims
1. You have been denied by the GCCF but your feel like you have a good BP Claims
2. Your offer from the GCCF was very different from the offer your co-workers have gotten
3. You have been waiting for the GCCF forever and they keep stalling you and asking for more documentation
4. You BP Business Claim has been given a low dollar numbers as the GCCF has used some fuzzy accounting on your BP business claim
5. You don’t feel comfortable with settling with the GCCF at the offer they have gotten you
6. You want to get paid by the GCCF before their money runs out
7. You want to be in with an attorney before the trials starts
8. You want to talk to somebody about your BP claim and not get the run around
9. Your confident in the GCCF to pay your claim is gone
10. You want to hear a plan on how your are getting paid and when
Our Process of Getting Your BP Claims paid by the GCCF
Its all about having a plan with people you trust on getting your BP Claims paid by the GCCF, at this point I think most people would agree that the plan the GCCF has put in place of getting your claim paid has not worked for you. So let me layout the plan that is already a proven concept and it has been in place since 2010.
First you fill out the free case review and we will send you a confirmation email confirming receipt of your BP claims information. In the email we send you there will be a link to request representation by our trusted attorney Brent Coon & Associates. You can follow that link and request representation right then and there. After an attorney looks over your claim and gives you a call, all legit claims denied by the GCCF or not paid by the GCCF will be accepted by the attorney’s.
When Brent Coon & Associates accepts your case another letter will go out to you confirming representation and at the same time the claims department will be notified of your case.
A person from the claims department will reach out to you requesting documentation to work up your claim.. This is a critical point for you in the process so pay attention. The faster you get your documentation to the claims department the faster they can work up your BP claim and evaluate it.
Once it has been evaluated and a multiplier is put on your claim, it will be submitted to the GCCF as an interim claim with a final OPA (Oil Pollution Act) demand letter attached to the interim claim.
At this point we have to wait for the GCCF, but we know what you claim is worth and we know what the GCCF should be offering you on your claim.
The GCCF has 90 days to come back with an offer on your claim, right now we see anything from 2 -6 weeks before we hear back from them.
This would be an interim offer and a final offer. If the offer follows the accountants workup and multiplier on your claim then the attorney will recommend you that you take the offer.
If the offer is lower than the claim submitted the attorney and claims department will talk directly with the GCCF telling them where they are wrong on their numbers. This normally results in a second offer from the GCCF that are much closer to the number the claims department was asking for.
If the GCCF offer is not close a lawsuit will be file on your case and BP will be put on alert that we are going to trial. As an attorney its great to know that your opponent do not want to go to trial, this means that they can push hard for trial and a settlement offer will eventually come their way.
This is again the reason why we use attorney’s and not consultants because they have the power of filing suit if the GCCF is not playing fair, from what we have seen that is probably a good thing.
Again this pushes them to make another settlement offer before trial. Only 2% historically goes to trial, I would suspect in the oil spill this number would be less than 0.5% as BP do not want to go to trial and get hammered by bad publicity and get a possible verdict that will cause other claims to be valuated higher.
This plan will work best for you if you got everything into the GCCF this year, as February 2012 is when trials start and you want to be fully worked up and ready when this rolls around. Another reason for getting in with a great attorney this year would be the fact that the GCCF will run out of money with 20 billion dollars. It might sounds strange when 1/2 the claims only amounts to 6 billion dollars but it goes to what I said before with paying the smallest claims first.
I hope you like this plan and will join our team. You will see that even though the attorney’s have over 7,000 BP claims personal attention to each claim are very important to them and our plan outlined above will ensure that your BP claims gets worked though the system as fast as possible.