FinancialContent is the trusted provider of stock market information to the media industry.
October 15, 2012 at 10:56 AM EDT
Two More Chances to Qualify Claims: Modified-V and Decline Only Causation Tests are Now Available in the Oil Claim Calculator Software for Deepwater Horizon Oil Spill Claim Calculations
IT Strategies Group releases the Modified-V and Decline Only Causation Tests for the Oil Claim Calculator Software to help include more BP claims in its industry leading solution

FORT LAUDERDALE, Fla. and PANAMA CITY, Fla. and NEW ORLEANS and MOBILE, Ala. and HOUSTON and MONTGOMERY Ala. and JACKSON, Missi., Oct. 15, 2012 /PRNewswire-iReach/ -- "Our clients span all states and beyond in the affected areas of the Deepwater Horizon Oil Spill.  They have been clamoring for these additional causation tests to be built into the Oil Claim Calculator software so they can use our system to include more claimants.  If a claimant is in Zone B, C or D, and does not pass the V-Shaped Revenue Pattern Causation Test, then all hope is not lost.  The Modified-V and Decline Only Causation Tests allow you two more chances to qualify the claimant to be included in the DWH Settlement.  This means more businesses and families getting compensated and moving on with their lives.  We feel this is a good thing!" said Craig Sienema, VP of Operations for ITSG and the Oil Claim Calculator.

(Photo: http://photos.prnewswire.com/prnh/20121015/CG92960)

The Modified-V and Decline Only Causation Tests are included with all existing and future claims licenses purchased at no additional charge.  If you are an existing client and you used the software to calculate claims months ago and they did not pass causation, then we suggest going back into those failed causation claims and running the causation test again to see if you now qualify.  For any new claims processed, these additional two causation tests allow you more chances to qualify each claim.  One important note, unlike the V-Shaped Test, the Modified-V and Decline Only Tests require additional documentation and it is not suggested that you submit ANY claims without the proper additional documentation per the "Causation Requirements for Business Economic Loss Claims" in the Amended Settlement Agreement.  Our system will prompt you to prepare and attach this additional documentation to proceed to prevent deficiencies.

The Oil Claim Calculator® is a time-saving, patent-pending, revolutionary software tool that allows BP Oil Spill Claims to be calculated in a consistent and accurate fashion that outputs a standardized claim report for each file in accordance with the methodologies of the new Settlement Authority.  This software is a must have for any professional services firm that helps those families and businesses affected by the Deepwater Horizon Oil Spill, such as law firms, accounting firms, and claims preparation firms. 

The Deepwater Horizon Settlement Authority is now up and running and started making payment offers to the affected more than two weeks ago. The Oil Claim Calculator software is the engine that allows law firms, accounting firms, and claims preparation firms to prepare claims and file them for the affected in record time with calculations that are razor-sharp in accuracy and consistency in record time. 

About IT Strategies Group

ITSG is a privately held company that has over 25 years of experience in technological developments and specialized areas of computing, including the very latest in Applications & Software Design, Storage & Disaster Recovery, Virtualization & Cloud Computing, Security & Compliance, Network Infrastructure & Design, Managed Services.  IT Strategies Group is most famous for inventing the patent pending Oil Claim Calculator®.  ITSG is headquartered in Fort Lauderdale, Florida and has offices in Fort Lauderdale, FL, Panama City Beach, FL, and Destin, FL.   For more information, please contact our sales department at sales@itstrategiesgroup.com, call 1 800 294 0387 or visit the Oil Claim Calculator Home Page at www.oilclaimcalculator.com or follow us on Twitter at https://twitter.com/OilClaimCalcula

Media Contact: Dan Jacobs, IT Strategies Group, +1-561-870-2753, djacobs@itstrategiesgroup.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE IT Strategies Group

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More