In the past two weeks, Ken Feinberg and the GCCF have made 8100 final payment offers to claimants on the Gulf Coast. So far, only 2.5% of them have been accepted, though claimants have 90 days to decide. That’s about 200 people out of 8100 accepting these offers. Why? Perhaps it might have something to do with the average amount of the offers so far … Continue reading Ken Feinberg sued and so far, turned down
When Feinberg first proposed the methodology for interim and final payments he clearly made everyone unhappy. Even BP weighed in with their dislike of his payment system as far too generous, and while their now apparent total disregard for their public relations department can be summarily dismissed, the people who matter here, namely the people injured by this spill, well, they were equally unimpressed. A … Continue reading Feinberg’s revised rules: the good and the bad…
Imagine: You are the neutral arbitrator of a large compensation fund and you are being roundly criticized. The people making damage claims say you are underpaying them, being too slow, denying too many and tell anyone who will listen how you are not neutral, but are working for the company who is paying out the damages. It’s gotten so bad that local and national politicians … Continue reading Bad Cop, Worse Cop…
As I wrote a few days ago, a new phenomenon is occurring on the Gulf Coast. Some claimants who have applied for the quick pay from the GCCF, an application the GCCF stated would be automatic for people who had received an EAP and would require no further review, have suddenly found their EAP’s under investigation for fraud. Guidepost Solutions, the investigative arm of Ken … Continue reading Being investigated by Guidepost Solutions and the GCCF? The media is listening…
When Feinberg posted the GCCF’s methodology, he opened up a two-week public comment period and requested claimants in the Gulf Coast post their thoughts directly to the website. He pledged to monitor the public feedback and make adjustments to his methodology as necessary, taking into account the concerns of the people most affected by the oil spill and the claims process. A perusal of the … Continue reading People eager to tell Feinberg their opinions on GCCF methodology…
On Wednesday, Ken Feinberg and the GCCF released their methodology to show how interim and final payments will be determined. They highlighted a chorus of retained and consulted experts who expect the Gulf to be back to normal by 2012. They also pointed out, a few times, how claimants would be eligible for twice their documented 2010 damages and eligible oyster harvesters could receive four … Continue reading The GCCF Methodology…experts, experts and more experts, paid for by BP
Ed Note: Mr. Feinberg just released methodology on interim and final claims… More on that Friday… In the past few days, Ken Feinberg and co. have come under increasing attack… Bobby Jindal finally said something about the claims process and joined his Attorney General, Bobby Caldwell in filing a motion to request a federal judge to oversee the oil leaks claim process. Joining him is … Continue reading Dear Mr. Feinberg…Frankly, I don’t give a damn how much you’ve already paid out…and more…
You really didn’t think they’d just give up without a fight. Transocean, the owners of the Deepwater Horizon is reportedly at odds with British Petroleum, accusing the company of not turning over evidence for Transocean’s own investigation of the oil rig’s explosion, while the NOAA, despite congressional demand is refusing to release their data and methodology for the much maligned government study that produced the … Continue reading Fortifying the Wall – BP Accused of, and the NOAA Withholds…Information
Drake Toulouse: Photography and Words 