BP has already paid out more than $300 million to businesses and individuals affected by the oil, which started gushing into the Gulf of Mexico on Apirl 20, but the company's claims system has been criticized by business owners who say they have had to deal with multiple adjusters. Attorney Kenneth Feinberg was hired by BP to serve as administrator of its $20 billion compensation fund and he will begin processing claims for victims of the Gulf of Mexico oil spill later this month.
The Takeaway speaks with Kenneth Feinberg about how the new Gulf Coast Claims Facility, which goes into effect on August 23, will operate.