Furniture Retailers in Gulf Coast Ask BP to Pay Their Lost Profit

Because of the oil spill caused by the BP oil rig explosion, furniture retailers in the Gulf Coast said their business has slowed down since June. In an effort to recover their lost profit, they have filed claims with BP. However, none of these furniture retailers have received any checks yet.

The U.S. government and BP have made an agreement for BP to pay claims from those who have been affected by the oil rig disaster. A $20-billion fund has been created to pay up the claims for damages that will be incurred for the next three and a half years.

BP’s web site provides information as to how to file claims. Since May 3, BP has paid about $162.7 million and has received more than 100,000 claims.

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