Thursday, June 10, 2010

Firm hired to handle BP claims boasts of "reducing payouts"

by ProgressiveSouth

Publicly, BP has said it intends to be generous in compensating those affected by the Gulf oil spill: CEO Tony Hayward has pledged to pay all "legitimate" claims resulting from the disaster, even offering to waive the $75 million cap on liability for economic damages.But to handle claims from the spill, BP has hired a risk-management company who advertises that a main benefit of its services is "reducing our clients' loss dollar pay-outs" -- a goal Gulf advocates say is in direct contradiction to Washington and BP's promises to fully compensate coastal residents for mounting economic losses.

continued at Daily Kos....