In a Friday, August 13, 2010 interview with Bloomberg, Kenneth Feinberg made the following points regarding BP Oil Spill Claims:
Geographic Consideration: "The farther away you are from the Gulf and the Gulf shore the less likely it is that you will have a valid claim," "But I will take a look at each claim."
Hotels that are 50 miles (80 kilometers) inland are unlikely to be compensated for tourism losses.
Realtors: Feinberg said he has set aside a "modest amount," which he didn't disclose, to compensate the Gulf region's Realtors for lost sales, rent and commissions.
Academics and environmentalists to assess damage: Independent academics and environmentalists will join government officials to help assess the spill damage so that each claim is judged by the same criteria.
Source:
BP Spill Claims From 50 States Confront Administrator Feinberg
