BP to stop accepting new claims after Wednesday - MSNewsNow.com - Jackson, MS

BP to stop accepting new claims after Wednesday

NEW ORLEANS (AP) - BP plans to stop processing claims from people and businesses hurt by the Gulf oil spill as it prepares to transfer that role to a government-appointed administrator.

The company says it will stop accepting new claims after Wednesday.

The Gulf Coast Claims Facility, led by Kenneth Feinberg, will take over the process starting August 23rd.

BP PLC says it's paid roughly $368 million to individuals and businesses, including about $102 million so far in August.

Claims filed by government entities, as opposed to people and businesses, will still be handled by the British energy giant.

Feinberg is scheduled to be in Louisiana on Wednesday to meet with residents and answer questions about how the claims process will work.

©2010 WLBT. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Powered by Frankly