BP hires company to handle oil spill claims whose goal is "reducing payouts" for clients

[kpete]

Source: Institute For Southern Studies


BP hires company to handle oil spill claims whose goal is "reducing payouts" for clients

bp_oil_slick_fire_vert.jpg

Publicly, BP has said it intends to be generous in compensating those affected by the Gulf oil spill: CEO Tony Hayward has pledged to pay all "legitimate" claims resulting from the disaster, even offering to waive the $75 million cap on liability for economic damages.

But to handle claims from the spill, BP has hired a risk-management company who advertises that a main benefit of its services is "reducing our clients' loss dollar pay-outs" -- a goal Gulf advocates say is in direct contradiction to Washington and BP's promises to fully compensate coastal residents.

ESIS Inc. -- part of the Swiss-based global insurance giant the ACE Group -- is a risk-management firm whose mission is to "impact our clients' business and reduce their total cost."

Read more: http://www.southernstudies.org/2010/06/company-hired-by-bp-to-handle-oil-spill-claims-has-goal-of-reducing-payouts.html

[BeatleBoot]

1. Sub-Contract the Work...didn't see that one coming....

Everything on the Cheap these days....

[BrklynLiberal]

2. sah-prahz! sah-prahz! sah-prahz!! NOT! BP is a bunch of lying, greedy, self-serving hypocrites

Anyone who is shocked by this must have been living in a cave for a few years.

[MichiganVote]

3. Must be a health care company model.

[SILVER__FOX52]

4. Like this is a surprise.....

Fuck BP and Fuck Tony ! I want to purge every time I see that CEO, Asshole.

[ladjf]

5. The "scorpion" BP is remains true to it's character. nt

[Bozita]

6. Don't listen to what they say. Watch what they do.

[flyarm]

7. You can't watch it when our government through the Coast Guard and National Guard are blocking the

media from taking pictures or seeing what is going on, so they can't report the facts!