Wednesday, May 26, 2010

BP (LON:BP) Adds Independent Claims Mediator

BP (LON:BP) (NYSE:BP) said they've appointed an independent claims mediator to handle the myriad of damage claims coming from the large oil spill after the explosion on the Deepwater Horizon oil rig.

BP Chief Executive Tony Hayward said in a statement, "We are absolutely committed to a simple, fair claims process that gets funds to people who have been hurt by this disaster as quickly as possible."

So far over 26,000 claims have been filed, with payments of over $36 million being awarded to date.

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