Florida real estate professionals will be eligible to receive payments for damages from the $20 billion oil spill fund established by BP, says Florida Realtors. Certain real estate claims for lost sales and loss of income were not included in the original rules established by Kenneth Feinberg, administrator of the Gulf Coast Claims facility. That changed after he had several meetings with Realtor organizations from Florida, Alabama, Mississippi, Louisiana and Texas. Feinberg agreed to a make special allocation that initially includes $16 million for damage claims from Florida. The allocation is available to all real estate professionals with active licenses at the time of the loss, not just Realtors. Florida Realtors have contracted with an independent national claims adjustment firm, Indiana-based NCA, to handle the claims.
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