BP escrow account will pay claims fast – Feinberg

JACKSON, Miss., June 18 (BestGrowthStock) – A $20 billion fund set
up by energy giant BP Plc (BP.L: ) (BP.N: ) to compensate financial
losses due to a big oil spill in the Gulf of Mexico will pay
legitimate claims fast, the fund’s independent administrator
said on Friday.

The fund would use a “transparent methodology” and there
will be “prompt payment” of new claims while emergency interim
payments will continue, said administrator Kenneth Feinberg,
named to run the fund set up this week.
 

Stock Market Report

(Writing by Matthew Bigg, editing by Stacey Joyce)

BP escrow account will pay claims fast – Feinberg