131 Fatality Claims Filed With GM Compensation Fund Thus Far
Yesterday, we reported General Motors accepting there were 19 fatalities linked to a defective ignition switch originally tied to 13 deaths and 31 accidents, thanks in part to the compensation fund established with the aid of administrator and attorney Kenneth Feinberg. More could be on the way, however, as 131 fatality claims have been submitted thus far.
The Detroit News reports a total of 482 claims have been filed with the compensation fund since August 1, 2014, when the window for accepting claims was first opened. Some of the claims may end up being denied due to not adhering to the requirements for filing, such as the vehicle involved. That said, the two dozen administrative officials and economists involved in sorting out the claims haven’t yet said how many of the claims will be denied.
Compensation for approved fatality claims will be at least $1 million plus lost economic value per life, along with $300,000 each for surviving spouses and children for pain and suffering. Claims will continue to be accepted until the end of the year, which may see the official death toll increase by the time all claims have been examined in mid-2015.