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Kenneth Feinberg Takes The Helm Of Paying Out Gulf Oil Spill Claims
By Lonce LaMon - August 19, 2010

Kenneth Feinberg, who oversaw the compensation fund for victims of the September 11th 2001 terrorist attacks and was appointed by President Obama to handle the gulf oil spill disaster claims fund, pledged a new, responsive regime that would speed up review of applications from fishermen, restaurant owners, tourism businesses, and other victims and pay out emergency relief for those who can document their losses.

Along the gulf edge of Louisiana, one crab fisherman makes his living selling Louisiana's tender softshell crabs.  But the problem he expresses is that he doesn't know quite how broke he is yet and how much longer his losses will continue.  How can he know, when crabs make their homes thousands of feet down on the ocean floor, and now people are saying there's spilled oil on the bottom of the sea?

BP has offered him $143,000 for six years of lost earnings, he told Kenneth R. Feinberg, the mediator who next week will take over from the British oil giant a $20-billion fund for oil spill compensation claims. "But who says the crabs are going to be back after six years? What if it's more like 100?"

"That's $1.43 a day," he continued. He feels he and other crab fisherman are finished.

"No more beating up on BP. BP leaves the scene," Feinberg said at a meeting with hundreds of spill claimants. "If you file an eligible claim and document it, we guarantee to process personal claims in 48 hours. If you're a business and you've been waiting for months in a black hole with BP, you will get an answer within seven days."

Feinberg's pledge to fix claim delays, among the most festering issues of BP's disaster response, came as Coast Guard officials said engineers have to do more testing before a decision can be made on how and when to finally shut down the well that released an estimated 4.9 million barrels of oil into the Gulf of Mexico.

Thad Allen, a retired Coast Guard admiral and the federal spill response chief, said crews planned to test the pressure at the top of the well before deciding when to finally connect the relief well and permanently seal the wellhead.

"This will be one of the final vital signs we'll need in order to make a determination on how to go forward," Allen told reporters. He did not give a new timeline for the final shutdown. Days before he had said it was likely to be done by the end of the month.

Just outside New Orleans, Feinberg's meetings set the stage for BP to end its oversight of damage claims and hand over responsibility to the new Gulf Coast Claims Facility, which will begin accepting new claims Monday at offices across the region.  BP has paid $368 million to individuals and businesses hurt by the oil spill, but faced widespread criticism over exhausting demands for paperwork, droves of adjusters who don't communicate with one another, lost paperwork, late payments, misplaced checks, ad nauseum.

"I give BP some credit," Feinberg said. "I must say in one sense they did a pretty good job. They paid out over $300 million in claims, and they paid that separate from the $20 billion. On the other hand, we can do better in terms of accelerating consideration of claims." He asserted he could get payments out faster, more generously, in a systematic way; and that claimants would not get pushed around by six, seven, eight different adjusters.

Those pledges, though, were largely for emergency relief claims — quick cash payouts intended to keep people from having homes foreclosed or businesses shut down. Harder to determine will be cases in which the claims fund offers, in addition to the emergency relief checks, permanent settlements for long-term damages. But those who accept the relatively speedy payouts must pledge not to sue later.

How, claimants ask, can those payments be measured now, when the full extent of damage to the gulf is still unknown?

"They need money now. People are losing homes, they're losing businesses. But they can't be in a position where they have to choose between money now and giving up claims for future damages that may not show up until the future," said C. Gibson Vance, president of the national trial lawyers group: the American Association for Justice.

Feinberg said it was not as hard as it sounded. One simply has to do the math.

"I'm in the claims business. I'm not in the business of getting oil out of the seabed," he told the crab catcher. "I will tell you this: If you file a claim and tell me you're not going to be able to get shrimp out of there for 100 years because there's oil on the seabed, and you've got experts to document that claim, then you will be eligible to claim the amount you would have made."

Feinberg said he would be "extremely lenient" in documentation requirements. "I don't need reams and reams of stuff. But you've got to document your claim. 'Mr. Feinberg, I'm losing $5,000 a month, I can't fish.' Well, document it. 'But it's an all-cash business.' Fine, there are lots of cash businesses. Document it. You have a tax return? Do you have a profit-and-loss statement?"

One shrimp boat owner, Ha Nguyen, wanted to know how much BP was paying Feinberg to take on his job.  "You say you're independent, but I feel that you have a serious conflict of interest, and the Bible states that one man should not serve two masters," she said.

"Let me ask you a question," Feinberg replied. "How else would you do this? You can't ask the people in this room to pay a fee to participate.  The responsible party, the cause of this, is BP.... I think BP can honor my bills, with all due respect."

Writer, Lonce LaMon: lonce@loncelamon.com

 
 

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