Tag Archives: bp seafood settlement
BP Seafood Settlement Concerns
Perhaps the biggest concern we have after reading the BP Settlement is that the Seafood harvesters, people that directly make a living from the Gulf have a cap of 2.3 billion dollars when it comes to their BP Settlement.
That means that only 2,300 individuals or businesses can receive 1 million dollars. It is our belief that if any category needed to be uncapped it is this category, and BP knows that. There is growing concern for the Health of the Gulf and studies are coming out that echo that belief. See Here.
BP Seafood Settlement Multipliers
The multipliers for the people in the BP Seafood Settlement are generous, they range from 3.25-8.75, that means the payouts for the people in this industry are going to be HUGE. However if there is only 2.3 Billion dollars in the BP Settlement to pay these claims, that money is going to go fast, real fast. If you have a BP Seafood Settlement Claim it is suggested that you get your claim prepared immediately.
BP Seafood Settlement Documentation
There are various ways to prove your losses, we all know that the Seafood Business is a cash business for many people. It would be wonderful if everyone had w-2`s and bank statements and p and l`s, but that is just not the case. Trip tickets and receipts from processors do help. There are ways to recreate your records.
We have people that will help you, if you need it in this area. The important part here is to establish a loss in 2010 after the spill for 3 consecutive months, for many of you that is not hard. For some of you it is impossible as you were told to harvest as many oysters for example as you could before the oil got there. We are working through those issues.
BP Seafood Settlement Decisions
As we are going through the BP Claims Settlement, it is becoming apparent that it is more complex then what we were told it would be. Many of you will have multiple claims, and the calculations are not as simple as they were originally layed out.
There are some simple base line calculations such as putting 3 consecutive months together after the spill and then comparing them to previous years,but this is just one aspect of the calculation and does not include future trending or other multipliers that will apply. There are remedies if you don`t meet certain criteria.
Due to the nature of the BP Seafood Settlement process, we recommend that you engage with licensed Claims Adjusters that have represented claims of this nature for years and if you are dealing with consultants they at least have these relationships in place.
Attorneys are also an option and should be considered, the playing field for the BP Seafood Settlement has certainly shifted, we saw this coming, and have all of the above mentioned relationships in place for you.
How much does it cost to get Help with your BP Seafood Settlement Claims.
Our Adjusters typically charge 15% for documenting and preparing the claims, for large loss claims it maybe as little as 7.5%.
The key here is to have your documentation organized meticulously and being sure that all other areas for potential claim revenues have been explored, I can not stress to you enough the high likelihood of having MULTIPLE CLAIMS, if Attorneys are needed they will be brought in to help with your BP Settlement Claims.
One last thing here, the BP Settlement looks good overall, with one exception the BP Seafood Settlement was capped, if you are in that category you NEED to Act Now.
We will help you with your BP Seafood Settlement.
The BP Claims Settlement is On
BPClaims.org has had one of it`s main affiliates speaking with the new leadership of the BP Settlement. This is very exciting news as we are being given the opportunity to more fully understand how the BP Settlement process is going to work, and how it will fully benefit the people that come through our site, and desire to become a part of the BP Claims Settlement Process. The nice difference here is we are actually being asked for some input regarding the BP Settlement under the new leadership, unlike the GCCF. The BP Claims Settlement will be an opt in or opt out process.
Becoming a part of the BP Settlement
If you would like your BP Claims to be a part of the BP Settlement now is the time for you to fill out the form to the right, we are now taking in files for the Settlement and beginning to assemble them for the BP Claims Settlement. We are at the forefront of the BP Claims Settlement, as we engage with the new leadership we will keep you updated.
The GCCF and the BP Claims Transition
We are hearing that a lot of BP Claims are being denied for causation issues, and others are not receiving any future trending considerations under the BP Claims Settlement transition. Many of our claimants are electing to be a part of the BP Settlement, and have asked that we wait before sending in their paperwork.
BP Claims Settlement Eligibility
So, who can file BP claims in the Settlement, the information below is subject to change. There are a number of common factors shared by Business and Individual BP claims. They are the following:
– Any Individual/ Business that are eligible class members AND suffered an economic loss
can submit a claim.
– Eligible BP claims class members will be subject to several different types of specific
– These BP claims methodologies will take into account such factors as type of
business/employment, geographic location and the nature of economic loss sustained.
– Upon determining these factors, a loss will be calculated and a specific RTP will be
applied to each type of claim.
Geographic factors for you BP claims will be divided into four zones. Causation will be applied depending on the locale your BP claims are based, or where your loss occurred, where your business or employer is located. More factors are applied by the new BP claims system, but the positive side of this is that more people will get paid more money. Your BP claims award amounts will be more significant under the new BP claims system. The zones will most likely be applied in this manner:
– Zone 1: Will be most likely within 0,5 miles from the beaches of the entire Gulf Region,
from Key West to Galveston, TX.
– Zone 2: Not on the beach, but within 0.5 miles from the beach. Your BP claims will depend
upon these scenarios:
– Zone 2-A: You are a business or individual whose business or employer relies
directly upon the two Gulf resources, tourism and/or seafood. If you are a business, or
employed by a business that relies upon both resources, then chances are, your RTP
will tick-up, increasing the value of your BP claim.
– Zone 2-B: You area business not on the beach, not traditionally reliant upon tourism
or seafood. Perhaps you are a car dealership, real estate agent or catering services.
Causation will be your main issue, but at least you will not be denied so readily. If
you can say that you lost business because of the Spill, that you had cancellations
because of the Spill, can you document it? We can help you with the evidentiary
requirements for your BP Settlement claim.
– Zone 3: You are none of the pre-determinately denied business types within a mile from
the beaches, or coastline. Causation will be an issue for your BP claim. If you can claim
that your losses were caused by cancellations, lack of business, can you document it? Just
because you say it does not make it true. You must prove it. Causation did not disappear
with the new BP claims system.
– Zone 4: You are over a mile from the coast line. You must show a dependency upon the
Gulf Resources of seafood and/or tourism and must be able to document it.
BP Settlement Claims for Seafood Harvesters
A BP claim for economic loss available to commercial fishermen, crabbers, oyster harvesters and leaseholders will be a separate BP claim. BP has set aside $2.3 Billion to fund commercial fisherman BP claims. This particular fund excludes the processors of seafood, but it looks like it will include all the fishermen of the Gulf Region from Texas to Key West. BP Settlement Claims will cover the following types of commercial fishing industry business, or employment types:
– Vessel owners.
– Deckhands and crew.
These BP claimants must be able to prove that they fish in the Gulf or within specified Gulf waters.
BP Property Claims
1. Coastal Real Property Damage Claims: This class of BP Claim includes owners and
lessees of real, coastal property, boat slips and privately owned docks owned during the
time of the Spill from 4/20/10 through 12/31/10. The property must be within defined
geographical regions, or inside areas that were touched by oil.
2. Wetlands Real Property Damage: This is a new category of BP claims. The GCCF was
not inclined to pay BP claims for wetland owners because BP was reluctant to pay, in
the first place. The same standard of ownership time will apply to this BP claim. The
property must have been owned on 4/20/10 through 12/31/10, at the very least.
3. Real Property Sales: For the BP Settlement Claim program, for your BP claims, you must
have owned the property on 4/20/10 and the sale MUST HAVE occurred on, or after,
4/21/10 through 12/31/10. You must have suffered a loss on the sale, or below appraisal
4. A New Potential Class: People With Reduced Property Values After the Spill: In the BP
Claim Settlement negotiations process, there has been some mention and support that
property owners, who owned their property on and after 4/20/10, would be able to recoup
property value loss from 4/21/10 through 12/31/10.
BP Claims Settlement (Medical)
BP claims regarding BP medical claims under the BP Settlement system will be divided into three categories of qualification:
1. Clean Up Workers: These BP claimants have been previously and consistently denied by
the GCCF. However, the fact that many of the individuals who participated in the Clean
Up Project have been harmed by exposure to Corexit and oil is now beginning to surface.
2. Some Zone-A Residents: The BP Settlement will regard these BP claims to qualify if
they are approximately on-half mile of the beach, or coastal areas. These are areas with
sandy beaches or firm shoreline. These BP claimants must have resided on the coast for at
least 60 days from 4/20/10 to 12/31/10. Currently, the BP Settlement will include Zone-A
residents from Grand Isle, LA to the Florida Panhandle.
3. Zone-B Residents: The BP Settlement will include Zone-B Residents to be those who
Reside near the beaches, greater than one-half mile, but within one mile. These potential
BP claims can also include residents of the wetland areas and residents from Grand Isle to
BP Claims Settlement Solutions
We at BPClaims.org have been at the forefront of this Disaster since the beginning. We can help you get your BP Claims paid. Our consultants charge just 15% of what you you receive, and if you need the help from Attorneys their fees range from 20-25%. We are dedicated to helping those affected by BP Oil Spill, we initially teamed up with Catholic Charities to get people aid, even before there was a BP Claims process. We look forward to helping you through this next phase of the BP Claims Settlement Process.