Page 12 - Claims Process News Today

Confident, this will work out, dont worry about it? >> there is some hope for them. when the "valdez" accident happened, there was no oil pollution act on the books. there was no claims process. this has al been done post "valdez." so at least for small business owners, there is a law that should be working for you and its my job and other peoples job up here to make sure that it does. so there is hope. there have been claims that have been processed. thousands actually. and we have that data. b...

Will decide when it will be safe for drilling again. >> the government should not say take another 20,000 jobs or so. >> reporter: he says in addition to the $20 billion cleanup fund another $100 million has been set aside to pay the oil rig workers sidelined from the moratorium. >> that removes the pressure on the commission to do it quickly, and do it well. >> reporter: your gut feeling, do the oil well companies stick around and wait out the moratorium? >> some will. those who can go overseas...

Steve, thanks. there is new evidence that bp is taking sweet time paying folks for submitted damages. the house judiciary committee reports bp has paid only $71 million of the 600 million in claims made by people. bp insists its actually paid $95 million. in any event, bp is now leaving the payout business. an independent administrator is going to run the 0 billion-dollar fund that the oil company is creating and that administrator, kenneth feinberg promises he is going to sign the checks quickl...

Is broadened out and say how much is bp, how much is the industry, and how much of the responsibility falls on regular layers and jointly, how do we make sure this doesnt happen again? i have been hanging around with a lot of people who are very concerned that this kind of thing can happen again, can happen soon, and what will happen if it does. >> ali, in terms of the claims process, people complained they got a $5,000 check. the administration says it will pressure bp. bp says it takes time to...

Who is the third party? we want to know how the money will get to us. the feels is we can have high level discussions about escrows and money, how does it get through to the people who need it? you discussed it with respect to the claims process. the frustration on the ground, as you know, john, from being around here, these are not people who live high on the hog. these people make a living, and its something your father did and your kids might do after you. thats the frustration. how do we get...

Ephemeral win for the president. he seems to, these seem to be real accomplishments that will help the people in the gulf. the system they set up at least as its designed sounds like its one that will expedite the claims process. >> bret: overseen by the current pay czar ken knit feinberg who will oversee the escrow account. >> it sounds like it will expedite the process. but issues still need to be worked out. a lot of what was discussed today had been figured out in advance. one thing that was...

And finally tonight on the ed show," more about oil. british petroleums ceo tony hayward repeated his pledge today to pay all necessary clean-up costs. but weve heard a lot of empty promises from these guys over the last 60 days. the shrimpers, fishermen and oil workers are still saying show me the money. for more on the claims, let me bring in attorney brent kuhn. he sued bp in 2005 after refinery explosion in texas. and is also involved in current lawsuits against the company. mr. kuhn, good t...

Warren buffett and bill and melinda gates want to you give away half your wealth. . in an exclusive report by "fortune" magazine, buffett and the gates are calling the challenge, asking billionaires to give half their money to chair pit the the money would be payable in their lifetime or at death. meantime, it is day 58 of the gulf oil disaster. and in less than an hour from now, president obama will hold a white house meeting with executives from bp and hes calling on them to establish a mass...

He says an independent third party will oversee the claims process. lieutenant general russell honore says the gulf oil crisis needs to be fought like a war. cnn national correspondent gary tuchman spoke to him in new orleans. >> reporter: general, we came to the world war ii museum because you said we need to declare world war iii. absolutely. we need to act like its world war iii. we never left anything on the table. all branchs of the military should be there working for admiral allen, man po...

To pursue legislative fixes that would allow individuals to apply for unemployment insurance. >> can i follow on that? >> were going to -- just one more thing on the tone of this meeting. as these various things were being brought up, the $100 million, the $20 billion, what was the -- what were they doing? pushing back? did they -- >> i mean -- >> give us some color. >> negotiations are negotiations. people have ideas, they put them forward and discuss them and proceed. we were very clear from t...