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Florida Chief Financial Officer Jeff Atwater Asks GCCF Claimants to Provide Input on Proposed Methodology

2/7/2011

Contact: Alexis Lambert
(850) 413-2842

TALLAHASSEE—Florida’s Chief Financial Officer Jeff Atwater is asking the state’s business community and BP Oil Spill claimants for their suggestions and any concerns regarding the Gulf Coast Claims Facility (GCCF) and Fund Administrator Ken Feinberg’s proposed methodology for victim compensation.  Last week, Feinberg’s GCCF made public his recommendation on ways to award Final Claim compensation, which would also require claimants to waive any future right to sue BP, the GCCF or other parties involved with the Deepwater Horizon Oil Spill.

“Listening to the feedback and concerns and fighting for Floridians is a priority for me,” said CFO Atwater.  “Businesses and families are being asked to sign their rights away for losses they have endured because of a completely preventable disaster.  Public input should not be taken lightly by Ken Feinberg or BP.”

CFO Atwater is asking to hear from those who have constructive feedback and suggestions on Feinberg’s proposed methodology and recommended solutions for a process that is fair, transparent and attainable.  Feinberg’s proposed methodology is posted at http://www.gulfcoastclaimsfacility.com/methodologylanding.php.

CFO Atwater asks suggestions be submitted through the DFS website located at www.MyFloridaCFO.com or e-mail to CFOConsumerServices@MyFloridaCFO.com so he and his Department of Financial Services can collect and compose additional recommendations to provide to Feinberg and other officials before the February 16, 2011, GCCF deadline.

Chief Financial Officer Jeff Atwater, a statewide elected official and officer of the Florida Cabinet, oversees the Department of Financial Services including the Division of Insurance Fraud.  CFO Atwater’s priorities include fighting financial fraud, abuse and waste in government, reducing government spending and regulatory burdens that chase away businesses, and providing transparency and accountability in spending.