Bigger Payouts On The Way For Shrimpers Hurt By Gulf Oil Spill

The administrator of the $20 billion fund set up to compensate individuals and businesses hurt by last year's Gulf of Mexico oil spill says new rules are being formulated to make payouts more generous to hard-hit shrimpers.

Washington attorney Kenneth Feinberg told a House Committee on Natural Resources hearing he hopes to announce the rules within two weeks. He agrees with concerns from shrimpers that the length and extent of the damage they have suffered because of the Macondo well blowout has been more significant than first thought.

Feinberg remains under fire for the slow pace of payments and for denying many claims. Eighteen months after the spill, the fund has paid $5.5 billion to more than 213,000 claimants. Feinberg agreed in July to a Justice Department audit. The audit has yet to begin.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...