Feinberg to Lay Out Details on BP Spill Claims

By: AP
By: AP

Kenneth R. Feinberg is going to talk to reporters Wednesday about how the process will move forward from initial emergency payments to interim and final claims.

So far, Feinberg says about $2 billion has been paid out to 125,000 people and businesses.

He has come under pressure to speed up payments and be more transparent about why claims are being turned down.

The claims were needed after an offshore oil rig leased by BP exploded in the Gulf and released millions of gallons of oil into the sea.

Fishermen, businesses and the tourism industry were hurt by the massive spill.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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