Compensation Payments Being Doubled For Impacted Shrimpers And Crabbers
Good news for shrimpers and crabbers hit hard by the BP oil spill. Your compensation payments are being doubled. Ken Feinberg, the man who has been overseeing claims payments, says he's adjusting his claims-formula after realizing these fishermen have suffered more economically from last year's spill than tourism-related businesses. Under Feinberg's previous claims formula they got two times for each of their 2010 Actual Documented losses. Now, they'll get four times the amount.
Congressman Jeff Landry reacts to the news.
"I am pleased that BP is fulfilling their responsibility to the hard-working people in Louisiana’s seafood industry. While the new formula may not adequately compensate all the losses in the industry, I appreciate Mr. Feinberg’s efforts to create a formula better suited to meet the needs of our fishermen, shrimpers, and crabbers," said Landry. "Although today’s announcement is a great positive step forward, it is not a complete solution to making all impacted by the spill whole; so I will continue to work hard to make sure our families, friends, and neighbors negatively impacted by the spill are justly compensated for their losses."
Landry says he wrote Feinberg days ago calling for BP to adjust its compensation formula. He says he also grilled Feinberg at a hearing before the U.S. House Committee on Natural Resources.