JACKSON, Miss. (AP) — The fund set up to compensate victims of last year's BP oil spill in the Gulf of Mexico has paid more than $5 billion in claims, the fund administrator said Tuesday.
Washington D.C. lawyer Kenneth Feinberg also released a summary of payouts from the $20 billion fund, which was established in August 2010 to help people whose lives and businesses were hurt by the spill.
The report says the Gulf Coast Claims Facility had received 947,892 claims from all 50 states and 36 foreign counties. It said 359,441 claims were paid and 430,000 were denied. Some are pending. Others are still coming in.
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