With the deadline to submit claims coming this Saturday, the General Motors compensation fund has confirmed its 50th fatality.
Detroit Free Press reports 338 fatality claims were filed between August 1 of last year and January 23, according to fund administrator and attorney Kenneth Feinberg. Of those, 230 are now under review or awaiting documentation, the aforementioned 50 were found eligible, and 58 were rejected for failing to meet the standards set by the fund for payout.
Over the same period, 2,730 injury claims were submitted to the compensation fund — established in the wake of the February 2014 General Motors ignition switch recall — of which a total of 75 claims have been found eligible, and 328 were rejected.
The payout for each fatality claim begins $1 million, depending on what lifetime wages and salaries were lost with the life at the time of a given accident. GM has reserved $600 million to pay all claims, a figure Feinberg believes to be "adequate." Processing of claims will continue into the spring, and possibly into the summer, as well.
The post General Motors Compensation Fund Sees 50th Eligible Fatality Claim appeared first on The Truth About Cars.
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