Feinberg pays $10 mln in BP spill claims in week

* Louisiana tops the list in payments; Florida is second

* Most payments made for lost income

HOUSTON, Aug 31 (BestGrowthStock) – Kenneth Feinberg, who last week
took over the claims process for BP Plc’s (BP.L: ) (BP.N: ) Macondo
well oil spill, has so far paid nearly $10 million in emergency
payouts to Gulf Coast residents who have suffered economic
harm, documents show.

Feinberg, who promised a speedier and more transparent
claims process to frustrated Gulf residents, oversees a $20
billion fund set up by BP in June at the insistence of U.S.
President Barack Obama.

His agency, the Gulf Coast Claims Facility, is releasing a
daily summary of payments that can be found at
http://www.gulfcoastclaimsfacility.com/GCCF_Program_Statistics_08_30_2010.pdf.

As of Monday, 1,935 emergency advance claims were paid,
mostly to individuals and businesses for lost earnings or
profits. The bulk of payments made so far ranged from one cent
to $5,000, the organization said.

The agency still has 29,289 claims under review and has
rejected only one, according to the data. More than 1,000
people have filed a final claim with the agency. If paid, they
will lose their right to sue BP for additional damages, but no
final claims have been paid yet.

Residents of Louisiana, the state that took the brunt of
the heavy oil from the April 20 spill in the Gulf of Mexico,
tops the list in emergency payouts, collecting almost $4
million. Florida is second, with $2.4 million.

Before handing the process over to Feinberg, BP said on
August 23 that it had paid $400 million during the 16 weeks it
managed the process.
(Reporting by Anna Driver; editing by Mohammad Zargham)

Feinberg pays $10 mln in BP spill claims in week