BP announced Friday that it expects to pay nearly $7.8 billion to settle oil spill claims that include loss to businesses, lost wages, and property damage from the Deepwater Horizon disaster. The settlement, which is still being negotiated, will also include a claims process system for health claims and compensation for illnesses related to the incident.
The settlement requires Gulf Coast residents to show an illness stems from the spill, and to receive any compensation for an illness, they will have to be examined by a court-approved health care practitioner, the Herald Net reports. U.S. District Judge Carl Barbier will supervise a claims administrator who will determine who will receive compensation.
The settlement will also cover 21 years of health monitoring, so that claimants who have yet to present with health issues will be able to pursue claims if need be. BP has also pledged $105 million to improve Gulf region health care.
University and government researchers are investigating public health complaints related to the spill and clean up efforts, but so far, no significance evidence has been found that links illnesses in the region with the spill.
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BP Settlement Provides for Health Claims