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CFO Alex Sink Statement on Federal Government Strengthening Oversight of Claims Process

6/10/2010

CONTACT: Kevin Cate (850) 413-2842
                 
TALLAHASSEE – Florida CFO Alex Sink today offered the following statement after The White House announced that President Barack Obama had directed National Incident Commander Admiral Thad Allen to meet with top BP claims officials to assert the administration’s oversight of the BP claims process.
 
“BP has proven they cannot process claims quickly enough to reimburse small business owners and provide the cash they need to keep Floridians employed and their doors open,” said CFO Alex Sink. “I commend the Federal government for taking a more aggressive approach to the oversight of BP’s claims process, however, I still believe that the Federal government should completely take over the claims process and just send BP the bill.”

On May 6, CFO Sink participated in a roundtable with DHS Secretary Janet Napolitano and DOC Secretary Gary Locke where she discussed the importance of Federal involvement to ensure BP honors claims and pays for all damages. On May 11, CFO Sink urged BP to clarify the claims process for impacted businesses. Unsatisfied with BP’s claims process and responsiveness, on May 24, CFO Sink asked President Obama for the Federal government to take over the oil spill response.

YouTube Video of CFO Sink questioning a BP Vice-President over the claims process: http://www.youtube.com/watch?v=SAOcx4xuxqU
YouTube Video of CFO Sink meeting with impacted small business owners: http://www.youtube.com/watch?v=slNDkM6Xqb0&feature=related

For more information on CFO Sink’s actions regarding the Deepwater Horizon oil spill, visit: http://www.myfloridacfo.com/OilSpill.  
 
As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services.  A successful business leader with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO.  CFO Sink's priorities include using her business experience to cut wasteful spending, holding government accountable to Florida’s taxpayers, and cracking down on financial and insurance fraud.