BP Has Paid Out Less Than 12% of Claims

According to a June 18 report from DailyFinance.com, two months since the BP platform explosion in the Gulf of Mexico, the oil company has paid out less than 12% of the claims filed, a House Judiciary Committee report stated. As of June 15, BP had paid $71m of the estimated $600m in claims filed by individuals and businesses since the disaster began April 20. The Judiciary Committee is investigating BP's claims process and its effectiveness in issuing payouts to folks and business that have been damaged by the spill.

(Source: DailyFinance.com)