Feinberg Says BP Claims Process Works Well With $1 Billion Paid

Kenneth Feinberg said the Gulf Coast Claims Facility drawing on BP Plc’s $20 billion oil fund is attracting as many as 8,000 applications a day and has paid out more than $1 billion.

The numbers show growing confidence in the facility after criticism by the U.S. Justice Department and residents and public officials along the Gulf Coast that checks weren’t going out quickly enough, Feinberg, the fund administrator, said today.