Photo: GM
A little over two weeks after we reported that General Motors' Ignition Compensation Fund received 65 death claims, a consultant said that the figure soared to 100 fatally injured involved in crashes of vehicles fitted with the notorious ignition switches.
In addition to the previously mentioned, some 184 injury claims were also filed as of Friday. If you consider that GM began receiving claims on August 1st and families that are seeking money after losing loved ones in accidents have until December 31st to file a claim, then it's very likely those figures will double by the end of the current year.
However, it's expected that a great number of claimants won't receive any compensation from General Motors because claimants must prove that the sub-standard ignition switch defect has been the primary cause of the vehicle accident. Some crashes happened a lot of years ago and it's pretty hard for investigators to determine that the faulty ignition switch is to blame for power-steering failure, airbag deployment failure and related effects.
Expecting to pay anything between $400 million to $600 million to compensate victims' families, the automaker said it offers at least $1 million to families of those who lost their lives. Aside from a sum of money determined by the victims' earning potential, GM will offer another $300k for every surviving spouse and dependent. The GM Ignition Compensation Fund is headed by outside lawyer Kenneth Feinberg, the man that was tasked to take care of compensation for victims of the 9/11 terrorist attack.
However, it's expected that a great number of claimants won't receive any compensation from General Motors because claimants must prove that the sub-standard ignition switch defect has been the primary cause of the vehicle accident. Some crashes happened a lot of years ago and it's pretty hard for investigators to determine that the faulty ignition switch is to blame for power-steering failure, airbag deployment failure and related effects.
Expecting to pay anything between $400 million to $600 million to compensate victims' families, the automaker said it offers at least $1 million to families of those who lost their lives. Aside from a sum of money determined by the victims' earning potential, GM will offer another $300k for every surviving spouse and dependent. The GM Ignition Compensation Fund is headed by outside lawyer Kenneth Feinberg, the man that was tasked to take care of compensation for victims of the 9/11 terrorist attack.
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