A year later, BP claims facility says it has largely succeeded

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The Gulf Coast Claims Facility celebrated its first anniversary Tuesday by announcing it has handled nearly 1 million claims and paid out $5.06 billion in the process, reports the News Service of Florida. The agency, headed by Ken Feinberg, was set up last year to distribute $20 billion of BP money to individuals and businesses affected by the BP Deepwater Horizon oil spill. “The GCCF has largely succeeded in its primary objective – to compensate those individuals and businesses who can demonstrate financial harm due to the Oil Spill,” the report states. “The compensation program has not been perfect; but several midcourse corrections have been made in an effort to deal with the constructive criticism offered by victims of the spill, public officials, and others.” So far, the agency has paid 359,441 claims to 204,434 claimants. The GCCF has dealt with 97 percent of claims and is now dealing mostly with requests received in the past 90 days, the report says.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.