GM compensation program has 23 eligible death claims

Article by Christian A., on October 3, 2014

As of September 26, 2014, General Motors’ compensation program for victims of accidents linked to faulty ignition switches had deemed 23 death claims as well as 16 serious physical injury claims eligible. The program, as of that date, has already received 867 claims for compensation for deaths or serious injuries or deaths since becoming online on August 1, 2014.

The program-- being overseen by lawyer Kenneth Feinberg -- will continue to receive claims until Dec. 31 on behalf of individuals injured or killed in accidents related to the defective ignition switches, which could slip out of position, thereby stalling the vehicle and rendering its airbags not deployable. This defect has resulted to a recall of around 2.6 million earlier this year.

As of September 26, a total of 153 death claims had been filed to the program. According to GM executives, it is up to Feinberg to determine how many people will be eligible for compensation under the program.

Although GM has set aside $400 million to finance the program, executives have said that the fund has not been capped. GM has set that the total could reach $600 million.

Death claims determined to be eligible will receive at least $1 million, which could increase depending on factors like whether the deceased had any dependents. Feinberg's office recently disclosed that it has made the first cash offers to around 15 people.

At least three families have accepted settlement offers from the compensation program. They include the family of Trent Buzzard, whose accident in April 2009 rendered him paralyzed from the chest down, according to a lawyer for the family, Robert Hilliard.

If you liked the article, share on:

Pin It

Comments

Recommended

South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries