BP to pay an estimated $60 million in advance payments in August
New Orleans–(ENEWSPF)–July 28–BP said today it estimates it will pay at least $60 million in advance payments in August to claimants across the Gulf Coast who have lost income or net profit due to the oil spill in the Gulf of Mexico.
New Orleans–(ENEWSPF)–July 28–BP said today it estimates it will pay at least $60 million in advance payments in August to claimants across the Gulf Coast who have lost income or net profit due to the oil spill in the Gulf of Mexico.
BP, which has paid $256 million to date for claims including $30 million in the last seven days, will start making the advance payments by the end of this week. Claimants will receive their check about 30 days after they received their July payment.
“Our focus has been and remains on getting money into the hands of people who need it to pay their living expenses,” said Darryl Willis of BP’s claims team. “This advance payment program recognizes the importance of replacing income that has been lost.”
