The Real Deal Miami

Florida Realtors wins $16M in oil spill funds

August 23, 2010 03:15PM

Florida Realtors, the real estate trade group, has received $16 million from BP’s $20 billion fund to cover losses caused by the April 20 Deepwater Horizon oil spill in the Gulf of Mexico. Kenneth Feinberg, who was appointed by President Barack Obama and BP, set aside roughly $60 million in total for real estate agents and brokers in Gulf Coast states. Florida Realtors has hired claims adjustment firm NCA to dole out the money to its members, the group said today. TRD