Do You Have a BP Spill Claim?

There are scores of victims who have a valid BP spill claim however you may not quite be sure of how to proceed. A BP spill claim can be filed for economic and property damages or adverse health effects—all those who have suffered harm as a direct result of the tragic Deepwater Horizon explosion which took place in April of 2010. Not only were lives claimed in this explosion, but it also resulted in the worst oil spill in history with nineteen times the amount of oil leaking into the waters as did during the Exxon Valdez oil spill. The far-reaching consequences to individuals, property and businesses along the coasts of Louisiana, Texas, Alabama, Mississippi and Florida damaged plants, animals and humans, seeping into the groundwater and polluting drinking wells. While a BP spill claim cannot reverse these damages, it can help victims recoup at least some of their losses.

Economic Settlements

After a year and a half of legal negotiations, settlements were finally reached in February of 2012. Three separate settlements—an Economic and Property Damages Settlement, a Medical Settlement and a special settlement for residents of Louisiana—were reached, totaling almost $8 billion dollars although there is no cap. Over $2 billion dollars were specially allocated to the Seafood Industry which was hit the hardest, along with the tourism industry. While it is clear that the American regulatory system failed miserably one tiny consolation is the BP spill claim settlement which will at least partially compensate the innocent victims of the Deepwater Horizon disaster. Small business owners who suffered loss of profits or loss of business growth are eligible to file claims as are property owners who suffered the loss of use of their property or incurred clean-up costs.

Medical Settlement Program

Many individuals of the coastal regions suffered ill health effects as the hurricane season blew the toxic chemicals much further inland than expected. Asthma sufferers found their symptoms worsening considerably while other Gulf residents began experiencing rashes, allergies, chronic coughs and sore throats, severe headaches, nausea and dizziness. It is expected that all qualified claims under the medical settlement program will cover medical expenses already incurred as well as offering twenty-one subsequent years of medical consultations and check-ups. While the Economic and Property Damages Settlement began paying out qualified claims on June 4, 2012, a date has not yet been set for the Medical Settlement program to begin.

Louisiana Resident Settlement Program

A third program specifically for Louisiana residents announced on May 8, 2012 through the U.S. District Court of the Eastern District of Louisiana. Both businesses and individuals will receive critical information related to the damages suffered by the oil spill. The ultimate goal of the Louisiana program is to provide victims of the state the tools and information they require in order to move forward with a BP oil spill claim.

Call Us Today

We have assembled a top-notch legal team with the highest levels of knowledge regarding the BP oil spill and the subsequent settlements. Don’t let the details overwhelm you, call 1-225-381-8320 today to speak to a member of our compassionate yet professional legal team to get the answers you need.