GM compensation program receives 4,180 claims until deadline

Article by Christian A., on February 6, 2015

The program set up to compensate victims of General Motors’ defective ignition switches have received a total of 4,180 claims for deaths and injuries since commencing in August 2014 and wrapping up on January 31, 2015. So far, the program, headed by lawyer Kenneth Feinberg, has determined to be eligible for compensation 51 deaths, eight catastrophic injuries and 69 less serious injuries.

According to fund deputy administrator Camille Biros, more death, catastrophic injuries and less serious injuries will be found eligible as the program continues to process claims received. Biros disclosed to Reuters that claims had been surging and January was the heaviest months for filing as over 1,600 claims were filed with the compensation program.

Likewise, the total number of claims could increase further as any claims not yet received with a time stamp from before the deadline would still be accepted. She said that processing of claims to determined who and who are not eligible for compensation will be done through the end of spring.

Feinberg also managed high-profile victim compensation funds for the Sept. 11 attacks and Deepwater Horizon oil spill. GM tapped him to manage an out-of-court compensation program to compensate claims on behalf of people injured or killed because of the switch, setting aside between $400 million to $600 million.

The carmaker has given Feinberg free rein to determine who to compensate and will not challenge his decisions. It set aside $400 million to $600 million to pay for the program.

If you liked the article, share on:

Comments

Recommended

TOYOTA GAZOO Racing revealed that it will be participating in the 2018 Tokyo Auto Salon with the theme “Meister's Workshop.” The company will showcase models that have been part of...
by - December 16, 2017
Infiniti has commenced sales of the new 2018 Infiniti QX80 full-size luxury sports utility vehicle. Aside from the standard specs and optional features, potential customers would want to know how...
by - December 15, 2017
If there is one thing that Pagani Automobili and Fiat have in common, it is the fact that they are Italian companies that build and assemble vehicles. There is currently...
by - December 15, 2017
It’s Star Wars fever once again, and the second installation of the trilogy sequel -- “Star Wars: The Last Jedi” -- is finally hitting theaters. Avid fans of the franchise...
by - December 15, 2017
Audi Sport is known for creating high performance versions of some Audi vehicles, with a focus on higher levels of sportiness. So far, its high-performance creations are all powered by...
by - December 14, 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