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If BP’s 20 billion dollar fund runs dry, the company says it will still pay claims. BP’s vice President of Resources told state and business leaders at Florida’s Economic Recovery Taskforce Meeting today the claims fund is a floor, not a ceiling. Tracy Wareing with the Department of Homeland Security says the transition to paying claims once the fund runs dry should be flawless.

“At any point in the claim, if the escrow count is insufficient, BP is expected to pay the state and local government claims, find the money to pay the state and local government claims.” Said Wareing.

The fund’s administrator Ken Feinberg is expected to meet with Governor Charlie Crist Friday morning in Miami to discuss paying claims in Florida.