Friday, December 19, 2014

100 Fatality, Injury Claims Approved For GM Compensation Fund Payments

Recalled GM ignition switch

It's been a while since the TTAC Zaibatsu checked in on the victim compensation fund created by General Motors and overseen by the office of attorney Kenneth Feinberg. How have things gone since the last time?

One hundred fatality and injury claims have been approved.

The Washington Post reports the milestone was announced Monday, when four new fatality and seven injury claims linked to the February 2014 ignition switch recall were approved. The new total to-date comes to 42 fatalities and 58 injuries approved for payment.

Overall, Feinberg's staff has received 2,326 claims since the window for acceptance opened August 1 of this year, 306 of which were rejected, 568 deemed deficient in information, 907 were missing verification documents, and 445 — including 46 linked to wrongful death — are under review at this moment.

As for the 100 approved claims, 57 have received and accepted settlement offers, 22 of which have been paid thus far. The window for filing, originally set to close in the final days of 2014, will do so at the end of January 2015.

The post 100 Fatality, Injury Claims Approved For GM Compensation Fund Payments appeared first on The Truth About Cars.



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