Kenneth Feinberg has to wait for VW to have a diesel engine emissions fix before he can begin accepting compensation claims from owners. Once that process begins, he expects most people to accept his offer.
As the appeal process closes for General Motors' ignition switch recall compensation fund, the tally of claims stands at 4,180. That number might climb, though, because claims postmarked January 31 are still being accepted. As of the latest total, the attorneys found 51 deaths and 77 injures caused by the faulty parts.
The General Motors Ignition Compensation Claims Resolution Facility recently extended its filing deadline by a month, to January 31, 2015. Another 141 claims have been submitted over the past week concerning the ignition switch defect, taking the five-month total to 2,710 claims received.
The General Motors ignition switch compensation fund has the macabre task of determining whether to pay settlements to those hurt by the automaker's faulty parts. The group, led by attorney Kenneth Feinberg, has been accepting claims since August 1, and the latest statistics have brought to light quite a grisly figure. It has now offered 100 people remuneration for injuries or deaths due to the bad switches.
Victims of faulty ignition switches in General Motors vehicles have been given an additional month to apply for compensation. This comes as administrator Kenneth Feinberg and his team increase their efforts to reach those potentially eligible for recompense under the program. The deadline, which was previously set for the last day of this calendar year, has now been extended to January 31, 2015.
With nearly 1,600 claims in the General Motors faulty ignition switch compensation fund as of Friday, The Detroit News is reporting the company has so far approved 30 out of 193 death claims and 31 out of 184 injury claims. In all, the total claims at the end of last week were up four percent, while the approved death and injury claims have jumped up from 29 and 27, respectively. The remaining 1,286 claims are for less-serious injuries, a figure that is up to 1,240 from the previous week.
It appears that the safety problems stemming from General Motors' faulty ignition switches may stretch further than the automaker as admitted to. In a new interview with CNN Money, Kenneth Feinberg, the lawyer overseeing the settlement process for GM, says that there are at least 19 deaths and 12 injuries being compensated so far. That's more than the 13 fatalities originally claimed by the automaker.
Nearly 300 people have filed claims in the General Motors ignition switch recall case, with around 100 claiming the defect led to their loved ones' fatal crashes while 184 people claim they were injured in crashes caused by the recalled ignition switch. The period for filing claims opened on August 1.