No Cap on GM Fund for Families of Victims of Defective Switch
GM Fund For Victims Of Defective Switch. Families of those who died in crashes tied to a defective ignition switch in General Motors (GM) cars will be entitled to at least $1 million each. The figure is considered a starting point for each death and is part of a formula created to pay the families of those people who … [Read more...] about No Cap on GM Fund for Families of Victims of Defective Switch
BP Oil Spill Compensation Fund Not Living Up to Promise
People Are Dissatisfaction With The BP Oil Spill Compensation. People along the Gulf Coast are reporting dissatisfaction with the BP oil spill compensation fund. According to a report on NPR, some claimants have had to submit documentation multiple times, and are still awaiting word on emergency payments. BP agreed over the summer … [Read more...] about BP Oil Spill Compensation Fund Not Living Up to Promise
Oil Spill Compensation Fund Up and Running
Gulf Of Mexico Residents Able To Receive Compensation For BP Oil Spill. Some Gulf of Mexico residents will be able to receive compensation for the historic BP oil spill that ravaged a number of Gulf States, said American Public Media Marketplace (The Marketplace). BP’s $20 billion fund is now open; however, some feel the rules are … [Read more...] about Oil Spill Compensation Fund Up and Running
BP Oil Spill Fund Could be Collateralized By Drilling Revenues
BP Oil Spill Fund May Use Revenues From Fracking Operations. BP may use revenues from its oil and gas drilling operations here in the US as collateral for its $20 billion compensation fund. Some critics are already bashing the proposed agreement between BP and the Obama administration, saying it gives the government incentive to … [Read more...] about BP Oil Spill Fund Could be Collateralized By Drilling Revenues
NY Judge Orders $500 Million Fund for Asbestos Claims
A Judge Issued To Bar Asbestos Claims Nationwide. A Southern District bankruptcy judge yesterday issued orders that effectively bar tens of thousands of asbestos claims nationwide and provide a fund of about $500 million to pay claims against Travelers Indemnity Company that relate to the bankruptcy of the Johns-Manville … [Read more...] about NY Judge Orders $500 Million Fund for Asbestos Claims
