San Francisco, CA -- (ReleaseWire) -- 04/30/2012 -- Mr Kenneth Feinberg has been appointed as the administrator of all bp claims at the Gulf Coast Claims Facility commonly referred to as GCCF. He is now responsible for all decisions regarding the processing of claims submitted to the Gulf Coast Claims Facility.
While many people have settled their loss of earnings claims using the Gulf Coast Claims Facility with speed and relative ease, there are still many individuals and companies, both small, large that are experiencing difficulties getting compensated for their losses due to the worst offshore oil spill in United States history, on June 16, 2010.
Following this terrible oil spill, the US President requested that BP (British Petroleum), the oil company responsible for the spillage, set aside a figure of $20 billion and then form a bp settlement process. This is what led to GCCF – An acronym for the ‘Gulf Coast Claims Facility’. This facility was created to process all claims, commonly referred to as GCCF BP Claims.
Mr Feinberg, and the GCCF, actually act on behalf of BP (British Petroleum) and manage all claims represented. Although BP pay the claims, they have no say in the individual claims cases, nor are they able to refuse any amounts agreed to be paid. The review of all claims is at the sole discretion of Mr Feinberg, and the team at the Gulf Coast Claims Facility.
Mr Feinberg was appointed to manage the Gulf Coast Claims Facility as instructed by the White House, following his role in the administering and management of claims following the September 11th terrorist attacks.
It is the role of the Gulf Coast Claims Facility to resolve all claims submitted from both individual and businesses, affected by this oil spill in 2010. So GCCF is operating on behalf of BP, to fulfil their statuary obligations under the Oil Pollution Act.
About The Gulf Coast Claims Facility
The Gulf Coast Claims Facility, often abbreviated as the GCCF, was established in 2010 by BP following the Deepwater Horizon oil spillage incident in the Gulf of Mexico. BP was instructed to form this facility as an easier way for people, to file their own claims for losses and damages as a result of the mass oil spillage in April of 2010.